Tips For Operational Excellence

• Know which financial and non-financial ratios affect your company’s overall performance and how they do so.  Then, set up reports so you can watch them regularly.
• Top performers know that achieving objectives requires collaboration between senior management, project management and outside financial advisors. Share appropriate reports with those who can take action to help achieve your goals.
• Close attention to indirect costs can mean the difference between a profitable project and one that takes you to the cleaners.
• On cost-plus jobs, not capturing indirect costs means you’re missing out on the opportunity to bill for those costs. Don’t leave money on the table!