Boost profitability from a different angle

The following are real examples of how working with a project management consultant experienced in construction resulted in stronger margins and increased returns.

• A review of Company A’s order management system uncovered areas that could be improved. Once changes were implemented, management was able to properly track the full scope of a project, capturing all extra costs billable to the client or to the vendors. The changes resulted in reducing unplanned scope changes by 30 percent.
• Company B’s heavy equipment usage was bogged down by poor scheduling. A new scheduling system for site management increased the utilization of heavy equipment on site by 25 percent under the same budget, resulting in a substantial increase in profits.
• A veteran construction company was using an accounting system that didn’t keep up with project inputs and expenditures. The project management consultant created a new structured reporting system that ensured profitability and schedule were controlled for each week of the project. The new system gave Company C increased visibility across the organization and created forward indicators before financials to ensure profitability.
• The owner and executives of Company D were spending too much time on low-level decision making due to an inefficient governance system. Once responsibilities and accountabilities were properly distributed at each level of the company, day-to-day decision making were transferred from the owner to the lowest level, with accountability of outcome being held at the lowest level, up. The change freed the owner and executives to focus on high-level tasks, resulting in a substantial increase in revenues as new opportunities were found with the extra time.

Hiring an experienced project improvement consultant can open opportunities to increase earnings and reduce unplanned out-of-scope activities of construction projects.