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Kerching – capturing the costs

Written by Barney

When delivering projects, there are both direct project costs and indirect costs i.e. the costs of running the business to backup the delivery of those projects. A factor for operational costs must be included in all projects that are being delivered in order to understand their overall impact on business profitability.

What is a Project?

Written by Eoin

By definition, a project is a temporary endeavour with a specific result or objective. If your project has no end in sight and/or no clear scope, then while what you are doing may be important, it is not a project. As a result you will have a hard time showing your team that they’re being…

THIS IS GOING TO COST HOW MUCH?

Written by Barney

When giving estimates for your project or work, make sure you have done enough work to stand over that estimate. Don’t guess. This way, if challenged by a client on the costs, you can deal with the facts of the quotation with strong argument.

PROJECT COSTING – A BLACK ART?

Written by Barney

Project cost estimates are a must to get right in order to generate and accurate project budget. Depending on when they are required to be given though, an estimation can be a little like black art and may not be as accurate as needed. Ensuring that the client is aware that the project costs can be finalised after a fuller understanding of the project scope is available is effective management that will protect your project and business.