Thursday, October 31, 2013

Maximize Profits With Project Management Software For Architects

By Rachael Gutierrez


It's a well-known fact that anyone who works as a skilled service provider is always looking for a better way to track billable hours. After all, if you are not tracking your time accurately, you are losing money. Architects are no no exception to this problem. However, with project management software for architects, you can keep better track of your billable hours and project timetable.

Not all billable hours are the same. Some hours are more expensive than others, and it's not a good idea to try to maintain good records by yourself or increase your own costs by bringing on another staff member just to keep track of your hours. However, by using software you can keep excellent records and make more money.

When you're working on multiple jobs at one time and working under tight budgets and deadlines it is easy to underestimate the amount of time and money spent on a certain project. Sometimes your estimates will be too high, and sometimes they will be too low. Either way, it is bad for your business. Software can also make it easier to keep your job on time and on budget.

This information also makes it easier when it comes time to send an invoice to your client. Not only are you able to maximize your profits by making sure you are billing for every possible hour spent on the project, but your client is also able to see exactly what they are paying you for. After all, you wouldn't expect to pay a bill you were handed without knowing what it is you were paying for.

Also, clients have the need to be always kept up to date about where you are at in your assignment. With software, it is as simple as a few mouse clicks to give them a full report about the progress of the job. This allows you to help the client feel like they are involved throughout the process and keep you on schedule.

Not only is keeping track of your progress helpful for the client, but it also helps you keep track of how long each stage of the process normally takes. Over time, this information can be aggregated to help you make better decisions about the possible time and cost expected for future projects. It allows you to give more accurate quotes to prospective clients and cut down on unforeseen costs.

With this ability to see your time spent on multiple projects over a long period of time you will also have the ability to make yourself more efficient. You will be able to evaluate what parts of a project take the longest which will help you be able to find ways to prioritize your time. This will not only help you become more efficient, but also help you complete more jobs and bring in more money.

All in all, project management software for architects is the best way to maintain records of hours billed, increase the accuracy of your records, show your clients what they are being billed for and keep them up to date on the progress of the job. The software also helps you get a better sense of the bigger picture in that you will be able to study your own working habits over time and increase the efficiency of your work. As a result, you will see your profits increase.




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