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.
Investing in an industry-specific firm management system can be daunting. However, organizations that implement the right solution almost universally find that their new software drives tremendous process improvements and profitability increases, and that the system pays for itself in no time!
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.