Every choice you make counts in the field of project management and construction. One of the most important choices that construction businesses and project managers have to make is how much work should be done internally vs. through outsourcing or subcontracting to other parties. This figure, sometimes referred to as the “Percent of Work Performed…
A measure used in construction to assess how much a business depends on its own staff and resources to finish a contract or project is called percentage of work accomplished by own forces. It shows how much work a business does internally, using its own employees, tools, and knowledge, as opposed to contracting out or…
Predicting future sales and projecting growth is like having a crystal ball in the business world. Fortunately, a financial statistic known as backlog can give an indication of a company’s potential revenue in the future. This interesting word refers to the total number of work orders or contracts that a business has been given but…
Finding out the typical project size completed might reveal important details about the experience and skills of a business. A firm may have some expertise with large-scale projects if it states that its typical project size is 20,000 square feet. Here’s how to determine the typical project size you’ve completed: 1.Examine Completed Projects: Examining your…