Of course, you aim for your projects to be profitable, but how do you actually ensure that they are?

There are many factors to consider in a project, and it’s during the quotation stage that you can lay the foundation for a profitable business. In Project Office, you gain insights into how profitable a project can be already during the quoting process by having control over both revenues and costs.

By using Project Office, you can clearly see how much time is required to deliver the project and what profit you can expect if everything goes according to plan. This gives you a clear picture of the project’s financials before you even start working on it. Once the project is underway, you have a clear understanding of the time available to deliver according to the agreement.

It’s also essential to continuously monitor the project to ensure you are using your time efficiently and profitably. By regularly overseeing the project, you can identify areas where you are being effective and profitable, as well as areas where you can charge extra in line with the contract.

We recommend considering how to create profitable projects already during the pricing and quotation stages. By analyzing revenues and costs for consultancy time or products, you can ensure that you are working towards desired profitability. Also, remember that sales time is a cost in the project that must be considered to ensure the business is profitable from start to finish.  

Want to learn more about working more efficiently?