PSMJ Resources

MARCH 26, 2012

Effective Project Managers Need Authority. Clients want strong project leaders rather than mere project “administrators” who’ll simply manage things and move them around. The PM must understand finance and serve as the last bastion of the firm’s cash flow picture.

Project Management 43

Project Management Resource Management Cash Flow 43

Construction Business Owner

OCTOBER 10, 2011

Ideas start flowing and problems are solved. Most of all, I learned that workforce management and structuring your company appropriately is one of the biggest challenges contractors face. What I heard is that finding the right person for an estimator and a project manager is crucial to success. document management.

Construction 120

Construction Software Software Accounting 120

Construction Business Owner

OCTOBER 14, 2011

He replied, “Well, that depends on the project manager.”. While it’s understandable that every project manager has a different way of managing, the reality is that change orders don’t have room for personal style. Committing Intentional Project Communications. construction management. Management.

Change Orders 120

Change Orders Construction Software Software 120

Construction Business Owner

OCTOBER 20, 2011

Not too long ago, or so it seems, we were more than ecstatic at the idea of being able to call our project managers in the field on mobile phones. We all know that, projects change constantly, which means your workers and your office need to be equipped with the most up-to-date information. construction management.

Construction 136

Construction Software Software Project Management 136

Construction Business Owner

DECEMBER 6, 2011

My take on this idea is very simple: Stay Hungry. Committing Intentional Project Communications. Better Project Management through Better Communication. construction management. construction management software. document management. Management. project collaboration. project management.

Construction 195

Construction Software Software Accounting 195

Construction Business Owner

OCTOBER 25, 2011

And for my time, I usually walk away both inspired and loaded with new ideas to put to use. Even one new idea can be worth its weight in gold…but that’s just my opinion. Committing Intentional Project Communications. Better Project Management through Better Communication. construction management. Management.

Construction 120

Construction Software Software Accounting 120

Construction Business Owner

MAY 17, 2012

OSHA has been grappling with the idea of developing a specific ergonomic standard for the construction industry. So what are your thoughts and ideas regarding ergonomic applications in the construction industry? Committing Intentional Project Communications. Better Project Management through Better Communication.

Construction 120

Construction Software Software Injury 120

Construction Business Owner

MAY 24, 2012

It’s hard to think of examples where this is a good idea in any business. There’s no better example of the business silo in construction than the separation that many companies experience between field operations and office management. Committing Intentional Project Communications. construction management.

Construction 120

Construction Software Software Iowa 120

Lets Build

MAY 20, 2020

This idea is also supported by McKinsey and Company, as seen in the diagram below: Source: McKinsey & Company. Technologies such as BIM, project management software, and cash-flow apps are expected to take up more space in the industry as we move forward. Switch of focus for the supply chains.

Construction 179

Construction Innovation Industrial BIM 179

Construction Business Owner

MARCH 29, 2012

Behind every good construction business leader is a hard working team of project managers, construction workers, and office staff. Like any leader, as a construction business manager, you will inevitably have to critique an employee. I hope these ideas will help with your construction business management.

Construction 120

Construction Software Software Accounting 120

Construction Business Owner

JANUARY 5, 2012

I hope these ideas help as the year starts and we get closer to the construction season. Committing Intentional Project Communications. Better Project Management through Better Communication. construction management. construction management software. document management. Management. foundation.

Construction 120

Construction Bidding Software Software 120

PSMJ Resources

APRIL 30, 2012

2) Scheduling serves as the foundation for cash flow plans. The project schedule defines when the firm is using cash and when. cash flow plan to the start and completion of schedule milestones in. Don’t short-change your small project, your team, and. Construction Marketing Ideas.

Schedule 46

Schedule Resource Cash Flow Project Management 46

Construction Business Owner

DECEMBER 1, 2011

And these are not light-weight “apps” – these are powerful enterprise systems for accounting, financial management, project management, HR, and more. cloud computing) is going to bring us closer to that idea. Committing Intentional Project Communications. Better Project Management through Better Communication.

Construction 120

Construction Software Software Accounting 120

Construction Business Owner

MARCH 6, 2011

Let me know if any of you have done this before or have any ideas for putting together a stress test model for the construction industry. Committing Intentional Project Communications. Better Project Management through Better Communication. construction management. construction management software.

Construction 120

Construction Software Software Accounting 120

Contractor Bookkeeping

FEBRUARY 28, 2014

There Are Three Steps To The Contractor Paradigm Shift: #1 Unfreeze - Open the portals of your mind and be open to new ideas and test them to determine if they are in agreement with your core values. #2 Cash flow issues kill contractors even though they have profit. Poor document management results in overpaying taxes.

Profitability 48

Profitability Contractors Cash Flow Accounting 48

Construction Business Owner

SEPTEMBER 13, 2011

They work with companies like yours and can give you a better idea as to how long it will take to implement your new software successfully. Committing Intentional Project Communications. Better Project Management through Better Communication. construction management. construction management software.

Construction 120

Construction Software Software Accounting 120

Construction Business Owner

MARCH 29, 2012

Drawings have been used by designers for centuries to communicate ideas to the construction trades. Committing Intentional Project Communications. Better Project Management through Better Communication. construction management. construction management software. document management. Management.

Construction 120

Construction BIM Software Software 120

ProcurementExpress.com

JANUARY 2, 2019

Yes, WIPs are considered current assets – meaning, accountants consider inventory assets to be current, as they are expected to turn into cash within the year. But, procurement , project management, and the C-suite should all monitor WIP closely. Providing an overview of how much of a project has been billed.

Work in Progress 52

Work in Progress Accounting Inventory Budgeting 52

Autodesk Construction Cloud

JANUARY 6, 2022

Moreover, “Progress is hampered by poor coordination between trades, incomplete drawings and specifications, and underfunding by the owner that slows cash flow and causes further conflict and delay. Ten years ago, we transitioned from preconstruction managers (which were largely estimators) to design phase managers,” he said.

Construction 52

Construction Estimating Design Budgeting 52

Contractor Bookkeeping

OCTOBER 4, 2013

Three Steps To A Paradigm Shift: #1 Unfreeze - Being open to a new idea that is in agreement with your core values. #2 Construction Project Manager PMP. Construction Project Manager Thinking Patterns. Cash flow issues kill contractors even though they have profit. Are you open to a Paradigm Shift ?

Profitability 48

Profitability Construction Accounting Cash Flow 48

ProcurementExpress.com

JANUARY 2, 2019

Yes, WIPs are considered current assets – meaning, accountants consider inventory assets to be current, as they are expected to turn into cash within the year. But, procurement, project management, and the C-suite should all monitor WIP closely. Providing an overview of how much of a project has been billed.

Work in Progress 40

Work in Progress Accounting Inventory Budgeting 40

Contractor Bookkeeping

AUGUST 11, 2014

The ripple effect, like throwing a stone in a pool of water impacts the area around it, caused massive cash-flow headaches. No Job Costing Reports Meant he had no idea which, jobs and customers were profitable and which ones were not. This was great when it happens; however, it does not happen every time.

Profitability 48

Profitability Contractors Accounting Income 48

Contractor Bookkeeping

DECEMBER 13, 2013

And Worst Part Is - She had no idea that Construction Accounting is the hardest bookkeeping of all! All of this made a bad cash flow situation worse. He is experienced as a Contractor, Project Management Professional, Construction Accountant, Intuit ProAdvisor, QuickBooks For Contractors Expert and Xero Accounting Specialist.

Deals 48

Deals Accounting Banking Contractors 48

Contractor Bookkeeping

JANUARY 2, 2015

The idea was you would do all the work they would get half the profits and you politely refused, or not? Payment terms put you in never ending negative cash flow by loaning the customer money at 0% and borrowing on your credit cards at 24%. Payment Terms - Should need to add positive cash flow.

Construction 48

Construction Insurance Accounting Claims 48

PSMJ Resources

JUNE 19, 2012

Any projects that are being considered are very small, and there are many firms vying for every opportunity. • Progress on projects continues to be excessively slow, and we’re having cash-flow and credit issues at a time when newly signed contracts are pushing us to grow our business. What we read.

Resource 46

Resource Architecture Commercial Cash Flow 46

Viewpoint Construction Technology

JULY 5, 2018

Internally, Southern Botanical was also looking for greater revenue cycle efficiency and more consistent cash flow. To provide a solution, Southern Botanical created a secure customer payment portal that syncs data from Vista to provide accurate data management and reporting. The company’s results were amazing.

Viewpoint 144

Viewpoint Innovation Subcontracting San Francisco 144

Autodesk Construction Cloud

NOVEMBER 8, 2022

For instance, you can enable subcontractors to digitally submit pay applications, then route those requests to project managers for prompt approval. MSUITE i s a cloud-based software suite that connects BIM, Fab, and Field Construction Teams and tracks, manages, and shares data for measuring a project’s health.

Management 98

Management Construction BIM Materials 98

Construction Business Owner

JANUARY 10, 2012

Getting people and processes in place is like Jobs’ wearing the same basic outfit—it eliminates minor decisions and troubleshooting so that you can focus on bigger decisions, ideas, and growing your business. Committing Intentional Project Communications. Better Project Management through Better Communication. Management.

Construction 174

Construction Software Software Accounting 174

ProcurementExpress.com

APRIL 15, 2019

The idea of lean construction is centered around maximizing value for the customer while minimizing waste. It’s not exactly a new idea. So, the process depends on project planning methods that achieve a continuous workflow, while minimizing downtime, overproduction, and wasted workforce. Lean Construction. PwC’s Industry 4.0

Procurement 52

Procurement Construction BIM Modeling 52

ProcurementExpress.com

APRIL 15, 2019

The idea of lean construction is centered around maximizing value for the customer while minimizing waste. It’s not exactly a new idea. So, the process depends on project planning methods that achieve a continuous workflow, while minimizing downtime, overproduction, and wasted workforce. Lean Construction. Click To Tweet.

Procurement 40

Procurement Construction BIM Modeling 40

Autodesk Construction Cloud

JANUARY 11, 2024

AI applications may include advanced project management tools, predictive analytics for risk assessment, and optimization of construction processes. In 2024 we will see a tremendous amount of investments, new ideas, and trends in the industry. As everyone is saying, AI is here, and AI is here to stay.

Construction 137

Construction Industrial Modeling Autodesk 137

Stok

JANUARY 31, 2019

Here, our interdisciplinary team of sustainability consultants, engineers, designers, and project managers share sound bite insights on what 2019 is shaping up to be all about. In general, real estate runs on cash flows and the interest rate on debt is a use of cash. Data Data Data.

Environment 73

Environment Cash Flow San Diego Sustainability 73