Monday, November 4, 2013

Increasing Revenue 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.

This piece of mind is not only found when you are sending out invoices, but also throughout the job. You will be able to keep the client informed about the progress throughout the process. This small thing will allow you and the client to make sure the project is being completed in a time frame to be delivered by the deadline.

This information is not just helpful in the short term, but also in the long term for you as the architect. You will be able to study the amount of time you spend on different phases of a job and use that information to formulate more precise quotes for future jobs. This will allow you to be more confident in the accuracy of your bids.

Finally, all of this information as a conglomerate will allow you to work smarter instead of harder. You will be able to decrease the inefficiencies in your work schedule and increase the number of jobs you are able to complete. In the end, this will allow you to increase your profits over time.

Overall, project management software for architects is an excellent way to keep track of your billable hours, keep yourself on schedule and on budget, show clients exactly what they are paying for, and keep them involved throughout the process. Also, on a larger scale, you will be able to use the information the software gathers to increase the accuracy of your quotes and make yourself more efficient. In the end, all of these things will help you make more money.




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