04Project Reporting and Control
The ultimate aim in the management of an architectural practice is to ensure that the practice always has the financial resources in place that will allow the architects to do the sort of design work that they would choose to do. The practice must make sufficient overall profit to be self-sustaining. The best way to ensure this is to monitor the performance of each project as it progresses. By adopting the discipline of planning the financial targets of each new project as it comes in to the office, and then comparing its performance to what was planned, there is a far better chance of achieving the desired overall result.
However, it is often quite difficult to capture all of the necessary financial information ...
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