Tag: financial management

Mastering A/E Project Management: A Checklist for Selecting the Right Software For Your Architecture Firm

Don’t choose project management software for your architecture firm without reading this checklist! Selecting the right software can be a difficult and time-consuming process. Making sure the software you select meets all the needs listed below will help ensure you select the project management software that is right for your business.

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5 Reasons Why Your Project Managers Should Be Tracking Percent Complete

One of the critical aspects of project management is tracking progress, which is where the concept of percent complete comes into play. Percent complete is a measure of how much of a project has been completed at any given point in time, expressed as a percentage. In this blog post, we will explore why percent complete is important to track on lump sum/fixed fee and hourly not to exceed projects in your firm.

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Creating A Consistent Project Management Process for Your A/E Firm

There are so many interconnected aspects of a project that need managed: budgets, timelines, tasks, resources… To do so effectively across a portfolio of many projects, your firm needs an effective and consistent process. The best way to start formulating or improving this process is by identifying the information about each of those subjects that will be tracked and then determining how often they should be reported. Think of it like an inventory of sorts.

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Managing Subconsultant Fees: A Guide for A/E Firms

Architecture and engineering (A/E) firms use various methods to manage the fees of subconsultants (subs) within their projects. Ideally, all the various subconsultant scenarios a firm encounters could be handled in a system that combines project management and invoicing capabilities. Unfortunately, most project management software is designed to handle only one or two scenarios at best. Here is a breakdown of more common scenerios and best practices on how to handle them.

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A/E Client Invoices: The Key to Better Communication

If you generate invoices manually every month, you probably don’t look forward to that task. And, if you’re committed to providing precisely the information each client wants to see in a layout that makes sense to them, you face an even more significant time commitment. There is an easier way! Technology can bring you a variety of invoice templates that will satisfy the requests of your A/E clients.

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How A/E Firms Can Invest in Project Managers This Year: 5 Proven Tips

Times are changing. Employees no longer plan to stay with one firm for decades—particularly if it becomes clear that they won’t be getting the role they’re focused on. They want to be PMs and they want to start their training asap. That means A/E firms have to be intentional about how they “groom” their talent if they want the best employees to stick around.

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