PSMJ Resources

MAY 21, 2012

5 Marketing Responsibilities for Every Project Manager. project managers as is the ability to adhere to schedules, oversee a. team, and execute project delivery. responsibilities that every project manager should take on. Manage Proposals: Proposals are mini-projects, with a schedule, a.

Project Management 46

Project Management Management Negotiation Resource 46

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

Autodesk Construction Cloud

FEBRUARY 5, 2022

How to Manage Risk in Your Construction Project. According to The Construction Industry Institute , there are about 107 construction risks you should consider when managing a project. Regardless, a solid risk management strategy is critical to the security of your company and project.

Risk 59

Risk Management Construction Documentation 59

Viewpoint Construction Technology

SEPTEMBER 23, 2018

In fact, there are numerous examples which show that irrespective of the hard work and precision which is put into place for each and every project, failure to pair this with an effective construction accounting and expense control strategy which drives back-end decision making, can be the difference between success and failure.

Industrial 130

Industrial Accounting Viewpoint Construction 130

Pro Builder

APRIL 19, 2021

The construction industry has gone through an extensive transformation, and technology has completely changed the concept of how to drive more quality, productivity, and profit into projects. Construction management software is designed to serve different trade contractors including mechanical contractor services.

Software 52

Software Software Contractors Change Orders 52

Construction Cost Estimating

FEBRUARY 21, 2012

Construction Project Management & accounting software plays a vital role for construction companies. Now-a-days industry-specific project management software plays an important role for expanding integrated project management modules to participate with the leading stand-alone project management systems.

Project Management 40

Project Management Software Software Accounting 40

Autodesk Construction Cloud

JULY 13, 2023

This quote primarily relates to personal finance, but his advice also rings true in the construction industry. While bringing in large projects and generating revenue is essential, it's equally important to manage profit effectively and ensure healthy margins. Have a look below.

Profitability 52

Profitability Risk Construction Autodesk 52

PSMJ Resources

NOVEMBER 14, 2011

6 Common Project Management Practices of the Most Successful A/E/C Firms. My experience suggests you will always benefit from a focused hour of principal-level attention on your project. Benchmark your current project management practices against these six areas of focus and see how you might improve. HubTrotter.

Project Management 49

Project Management Resource Management Negotiation 49

Viewpoint Construction Technology

OCTOBER 16, 2018

And, as business globally gravitates further to the cloud to manage financial and operational data, so to does the construction industry. Our clients are at the forefront of this shift, implementing integrated construction management software and solutions to achieve new heights in productivity and profitability.”.

Viewpoint 153

Viewpoint Software Software Accounting 153

PSMJ Resources

SEPTEMBER 12, 2011

Good Project Management is Good Risk Management. Most risks are foreseeable and responsive to thoughtful project management. • Accept only the right clients, then the right projects. • Risk reduction by any means is usually superior to any management scheme. Managing Employees.

Project Management 40

Project Management Risk Resource Management 40

Contractor Bookkeeping

AUGUST 11, 2014

The banker said his Profit & Loss, Balance Sheet did not look right to him. His banker was a blunt and told him that if he wanted to stay in the construction business he needed to have accurate Profit & Loss, Balance Sheet and Job Costing Reports. QuickBooks Job Profitability Reports. He had to rely on his gut feeling.

Profitability 48

Profitability Contractors Accounting Income 48

Contractor Bookkeeping

AUGUST 6, 2014

1 Your Profit & Loss and Balance Sheet Reports do not conform to financial industry standards. #2 5 You don''t have a formal documented Business Plan with a budget and projections. The Risk Management Association (RMA). In particular, your construction company Profit & Loss and Balance Sheet.

Finance 48

Finance Accounting Construction Banking 48

Jobsite with Procore

JUNE 28, 2022

Every construction project involves risk, and managing that risk while protecting a company’s profit margins, reputation, and people is just one of a CFO’s many responsibilities.

Risk 92

Risk Profitability Management Construction 92

Constructonomics

FEBRUARY 4, 2013

Noelle Hirsch is a regular contributing researcher and writer for the online construction management site, [link]. In today’s post, she delves into the timely topic of integrating efficient construction management and LEED certifications into building practices to lower operating costs and reduce energy use.

Certification 122

Certification Management Green Construction 122

Construction Business Owner

APRIL 26, 2012

MANAGEMENT |. General Management. Accounting & Finance. People Management. Equipment Management. Customer Collaboration & Construction Software » Staying Focused in the Fight Against Profit Fade. There’s a name for these situations: “profit fade.” STRATEGY |. ACCOUNTING |. SOFTWARE |.

Change Orders 120

Change Orders Construction Profitability Software 120

Construction Business Owner

FEBRUARY 16, 2012

MANAGEMENT |. General Management. Accounting & Finance. People Management. Equipment Management. I would like to share the following tips to use before approaching the bank(s) or other financial institutions for additional financing, and some non-bank financing options. construction management.

Banking 120

Banking Construction Cash Flow Finance 120

Construction Business Owner

SEPTEMBER 27, 2011

MANAGEMENT |. General Management. Accounting & Finance. People Management. Equipment Management. All businesses that purchase, finance, and/or lease less than $2 million in new or used business equipment during tax year 2011 should qualify for the Section 179 Deduction. construction management.

Construction 181

Construction Software Software Accounting 181

ProcurementExpress.com

FEBRUARY 11, 2019

It’s always been a struggle to get ahead of tight margins, cash-flow problems, and managing contracts. You’re dealing with subcontractors, labor shortages, sourcing, and multiple projects on multiple deadlines. Multiple Projects at Once. Project Management. Document management. Click Here. Click To Tweet.

Procurement 63

Procurement Plans Construction Budgeting 63

Construction Business Owner

APRIL 1, 2011

MANAGEMENT |. General Management. Accounting & Finance. People Management. Equipment Management. Healthy Competition » Free Webinar on Reducing Profit Fade. In turn, profit fade can dramtically affect cash flow and hinder the possibility of booking new jobs. construction management.

Cash Flow 120

Cash Flow Construction Software Software 120

Contractor Bookkeeping

AUGUST 29, 2014

Is Cash Flow The Same As Profit? While they might seem similar, profit and cash flow are two entirely different concepts, each with entirely different results. The concept of profit is somewhat broad and only looks at income and expenses over a certain period, say a fiscal quarter. Please contact us and we can help you with it.

Cash Flow 48

Cash Flow Management Contract Accounting 48

ProcurementExpress.com

FEBRUARY 11, 2019

It’s always been a struggle to get ahead of tight margins, cash-flow problems, and managing contracts. You’re dealing with subcontractors, labor shortages, sourcing, and multiple projects on multiple deadlines. Multiple Projects at Once. Project Management. Document management. Estimation tool.

Procurement 52

Procurement Plans Construction Budgeting 52

Contractor Bookkeeping

DECEMBER 20, 2013

With the optional bill tracking and bill payment services they are increasing bottom line profits by avoiding late fees and taking advantage of vendor discounts which in some cases can generate 36% Return on Investment! What is it worth to you to have a U.S.A. The Short Video Below Demonstrates Invoicing With Bill.Com.

Profitability 48

Profitability Accounting Construction Security 48

Construction Business Owner

MAY 24, 2012

MANAGEMENT |. General Management. Accounting & Finance. People Management. Equipment Management. Free Webinar: Managing Information Overload » Silos: Great for Grain, Not so Great for Business. One of our clients does industrial electrical work on projects around the country. STRATEGY |.

Construction 120

Construction Software Software Iowa 120

Construction Business Owner

JANUARY 18, 2012

MANAGEMENT |. General Management. Accounting & Finance. People Management. Equipment Management. Querying different type of jobs in job costing to look at profitability by type. Committing Intentional Project Communications. Better Project Management through Better Communication.

Construction 169

Construction Software Software Accounting 169

Construction Business Owner

JUNE 29, 2012

MANAGEMENT |. General Management. Accounting & Finance. People Management. Equipment Management. Public Exposure and Liability on Construction Sites » Better Project Management through Better Communication. Does everyone who needs project information have easy access to it? Management.

Construction 136

Construction Documentation Software Software 136

Pro Builder

FEBRUARY 4, 2021

The Shinn Group’s long-running Fin-Op analysis, backed by decades of data, offers builders a road map to profitability and a benchmark of performance. Predicting Profit: How to Know Your Margin Before You Close. Predicting Profit: How to Know Your Margin Before You Close. What makes a builder consistently profitable?

Profitability 52

Profitability Finance Housing Compensation 52

PSMJ Resources

JUNE 5, 2012

5 Ways to Manage Your Principal. PMs often complain that they fail to earn budgeted profits. To learn more tips and techniques you can use to become a better and more successful project manager, check out PSMJ’s Ultimate Project Management Manual. PSMJ’s Ultimate Project Management Manual.

Resource 43

Resource Management Budgeting Budget 43

Contractor Bookkeeping

OCTOBER 4, 2013

There are a number of people who pass out advice on how to start a profitable construction company; however, very few have actually done it and fewer still had a clear understanding of where they were making or losing money and fewer yet have ever gotten past the point of owning a J.O.B. Construction Project Manager PMP.

Profitability 48

Profitability Construction Accounting Cash Flow 48

Construction Business Owner

APRIL 5, 2012

MANAGEMENT |. General Management. Accounting & Finance. People Management. Equipment Management. Green Construction & Construction Software » The Business of Construction Risk Management. And risk can be a profit center, since insurance companies obviously make money. STRATEGY |. SOFTWARE |.

Risk 120

Risk Insurance Construction Software 120

Construction Business Owner

DECEMBER 20, 2011

MANAGEMENT |. General Management. Accounting & Finance. People Management. Equipment Management. New Year’s Resolutions for Construction Management » Merry Christmas! Committing Intentional Project Communications. Better Project Management through Better Communication. Management.

Software 120

Software Software Construction Accounting 120

Construction Business Owner

OCTOBER 14, 2011

MANAGEMENT |. General Management. Accounting & Finance. People Management. Equipment Management. I was talking with John Chaney this week, and he mentioned that he was going to blog about how change orders affect construction management. He replied, “Well, that depends on the project manager.”.

Change Orders 120

Change Orders Construction Software Software 120

Construction Business Owner

JANUARY 31, 2012

MANAGEMENT |. General Management. Accounting & Finance. People Management. Equipment Management. Committing Intentional Project Communications. Better Project Management through Better Communication. construction management. construction management software. document management.

Construction 185

Construction Software Software Accounting 185

Construction Business Owner

OCTOBER 20, 2011

MANAGEMENT |. General Management. Accounting & Finance. People Management. Equipment Management. 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. Committing Intentional Project Communications.

Construction 137

Construction Software Software Project Management 137

Construction Business Owner

OCTOBER 14, 2011

MANAGEMENT |. General Management. Accounting & Finance. People Management. Equipment Management. Change orders can be harder to manage – and present more of a profitability challenge – than pre-planned project work. STRATEGY |. ACCOUNTING |. SOFTWARE |. MARKETING |. INSURANCE |. EQUIPMENT |.

Change Orders 120

Change Orders Construction Software Software 120

Construction Business Owner

MAY 29, 2012

MANAGEMENT |. General Management. Accounting & Finance. People Management. Equipment Management. Connecting within the Construction Company » Free Webinar: Managing Information Overload. Managing this information overload can be difficult. Committing Intentional Project Communications.

Construction 120

Construction Software Software Cash Flow 120

Construction Business Owner

MAY 7, 2012

MANAGEMENT |. General Management. Accounting & Finance. People Management. Equipment Management. « Staying Focused in the Fight Against Profit Fade. Committing Intentional Project Communications. Better Project Management through Better Communication. construction management.

Construction 120

Construction Software Software Accounting 120

Construction Business Owner

AUGUST 30, 2011

MANAGEMENT |. General Management. Accounting & Finance. People Management. Equipment Management. Committing Intentional Project Communications. Better Project Management through Better Communication. construction management. construction management software. document management.

Construction 169

Construction Software Software Accounting 169