Knowing project margin while the project is still open
A professional services firm
Time sits in one system, expenses in another, subcontractor invoices in the accounts, and the fee schedule in the contract. Project margin is calculated quarterly by hand. Work in progress is an estimate. Partners find out that an engagement went wrong when it is too late to renegotiate.
What it is designed to do
- Built so cost lands against the engagement at the moment it is incurred
- Work in progress and unbilled revenue readable at any point in the month
- Margin by engagement, client and team from one definition

