THE GROSSPROFIT PER HOURWORKSHEET
Most project-based companies aren’t made up of accountants. In fact, a lot of project managers—contractors, engineers, marketers, whatever they may be—have little background in accounting or finance. So tracking the financial status of a project has to be easy. It shouldn’t require any financial expertise.
Then, too, nobody can afford to spend half the workweek hovering over a calculator to figure out how a project is faring. The legwork of tracking and calculating a project’s financial status has to be just a small part of the project manager’s weekly routine.
Our conclusion? Every project manager needs a simple tool—a scoreboard or dashboard—that lets him calculate and see exactly where things stand, ...