Has your organisation ever won a job where everything appears to be in order until, suddenly, nothing adds up?
Margin erosion is a term used to define loss of margin dollars that occur once a job has been won. More simply, it is a gradual reduction in gross profits over time. In the current economic climate, professional service firms are acutely aware of the threat posed by the erosion of profit margins.
Many factors can erode margins on projects and create Non-Conformance Costs. Some are harder to control than others and the biggest challenge is to keep Non-Conformance Costs under control. By taking a few measures, your organisation can realize greater financial success on your projects. Please fill out the form above to download our Ebook and find out tips on how to prevent your profit margins slipping through your fingers.
What you will learn in this Ebook:
|How to detect Non-Conformance Costs in every project phase.||How to improve your cost transparency in every project phase.||Guidelines on how to keep Non-Conformance Costs under control.|
|How to draw lessons both from successes and mistakes to optimise your NCC management.||Why cost transparency plays an essential role in keeping track of NCCs.||The role of your IT-systems, business processes and all the involved people.|