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PSMJ Resources Blog: 5 Ways to Manage Your Principal

PSMJ Resources

PMs often complain that they fail to earn budgeted profits. that a few hours of a principal’s time can eat up significant dollars in the fee budget. 2) Budget activity by each principal, and communicate that budget to the principal in both hours and dollars. for quality, speed, and profitability.

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PSMJ Resources Blog: When Times are Tough, Don't Cut Your.

PSMJ Resources

When Times are Tough, Don’t Cut Your Business Development Budget. When times get tough, this is what most firms do: • Cut the business development budget. Cutting the business development budget seems like a no-brainer. Those clients typically give you 75 to 85% of your revenue and profit! predictable ways.

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PSMJ Resources Blog: Effective Project Managers Need Authority

PSMJ Resources

Numerous excuses can be made for any project that does not meet budget, schedule, or quality needs. The project manager must sometimes tell the client things he/she doesn’t want to hear (for instance, that the cost to construct a favored design concept exceeds the budget). • Make the planned profit on every job.

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PSMJ Resources Blog: Small Change - Keeping Track of it All

PSMJ Resources

Cumulatively, however, they can amount to a lot of effort and can kill your budget. The Ultimate Project Management Manual can instantly and dramatically improve a Project Managers ability to manage projects for quality, speed, and profitability. American Council of Engineering Companies (ACEC). PSMJ Resources, Inc. Newer Post.

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PSMJ Resources Blog: 7 Business Criteria for Picking Clients

PSMJ Resources

more profitable than ever. American Council of Engineering Companies (ACEC). The A/E/C industry has a great opportunity, right now, to be. The key is to work only with firms that. understand the value of design and how that value factors into the price of projects. Getting value pricing to work in your firm requires a. Are they liquid?

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PSMJ Resources Blog: 8 Quality Control Tips Every PM Should Know

PSMJ Resources

Build into a project’s schedule and budget the time and costs of review by individual(s) not involved with the initial design. American Council of Engineering Companies (ACEC). Responsibility and initial quality rise with the signing of plans. Adopt a formal checking system, instead of relying on the experience of individuals.

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PSMJ's Webinar Membership: Online learning just got a little easier!

PSMJ Resources

Every webinar on the slate is one that will dramatically increase your profits, improve your strategic thinking, and make you a better leader. You can budget when to take courses so that if you are feeling cash-strapped one semester, you can always take a break and go back for more courses when your wallet says you can. GreenSource.