Pushing the boundaries: How technology improved project margin
16 Oct 2019
Featuring a real-life case study, Barry Chapman, Managing Director at Chalkstring, will explore how project cost management software enabled a contractor to uplift project margin by 5+% and achieve a massive reduction in financial project administration. Managing costs with an ever-changing project scope, across multiple spreadsheets and systems leaves room for error and a lack of transparency regarding project performance. Citing actual project statistics, you'll hear how technology enabled Chalkstring's client to alleviate this pain and: ? Manage costs tightly throughout the 18-month project, regularly reviewing real-time revenue & cost projections, thus enabling the management team to make strategic decisions that resulted in an improved margin of over 5%. ? Process 1145 invoices & credit notes against 747 orders in a fraction of the usual time, while capturing and resolving internal errors and supplier overcharging. ? Speed up the processing of 204 monthly subcontract labour applications. ? Process 18 monthly payment applications for 15 different work packages in a single click, saving hours of manual work and removing human error. You'll leave this session questioning whether your current business systems and processes are really working, along with a mind full of ideas for how you can manage and control project costs more easily.