Associating application use to projects provides data that generates many benefits (see our Expense-2-Project At-A-Glance HERE). The benefit which resonates most strongly is the positive impact to revenue and margins. Project association’s impact on revenue is not a one-time savings: it’s an ongoing, high margin boost to your bottom line. Below are 2 ways project association brings home the bacon.
A business truism is that competition and margin pressures increase every year. AEC firms need to improve the quality and quantity of their project data, to identify ways to stay competitive and increase profits. Let’s face it, to remain an industry leader you need to find innovative and creative ways to reduce costs and improve your business practices. One source of project-related data (that just recently became available) is file-level application and license use information.
At Autodesk University last week we had some great discussions with Autodesk users. They described an amazing variety of licensing problems and monitoring needs. Needs ranged from simply seeing peak consumption of licenses, to wanting Revit plug-in monitoring. In addition, there was a lot of concern about how to report use as licensing models move to SaaS and cloud pay-per-use.
A common frustration we hear from companies with a mixture of Fixed-Bid and Time & Materials contracts is the difficulty of reporting time to each project accurately. Let’s discuss it! (Comment at the bottom.)
AEC firms bill clients for their professionals’ time. Geotechnical and construction firms bill for the use of physical assets, like bulldozers, ground penetrating radar, and drones. So why not bill for specialty application use?
Topics: Project Management