Are you able to track the true profitability of the projects that your business delivers? If your business provides services that are delivered by multiple people or departments in your organization, you may not be charging enough. Estimating costs to cover salaries, sales time, travel time, and other hidden expenses may be eating up your profits without you realizing it.
Take the guesswork out of project costing with a systematic review of the projects that you have delivered. Evaluate how you should capture and assign actual costs to specific projects, including:
- Project definition. Projects take different forms for different organizations, and it's helpful to have a good understanding of what yours entail. A manufacturer could define a project as a custom-made machine. A marketing campaign is a project for an advertising company. Each wedding would be set up as a project for a caterer.
- Assign the costs that should be allocated. Direct costs, such as materials, are easy to allocate to projects, but other costs might be less obvious. Think through all the steps of your project activities, from conception to delivery, to capture the full cost of delivering that project.
- Determine how to track time, costs, and expenses. Rule of thumb: keep it simple. Consider how much detail you really need to capture to accurately track costs. And be sure to make it easy for your employees to enter and assign time and expenses to each project, no matter where they are – you'll get more accurate results.
- Monitor. Check the results of your project costing regularly to make sure that your employees are using the system consistently. Use reports to monitor the profitability of each project, and then adjust your prices accordingly.

Distributors around the globe face similar challenges with inventory. These common problems put distributors at a competitive disadvantage as customer expectations rise.
The big difference between Android and the iOS is the fact that, on an Android device, you can play Flash videos. There are times however when this seeming advantage can be a disadvantage as Flash (such as Flash ads) can slow down your browsing experience or even crash your browser. There is a solution.
There are times when you may want to capture what is currently being shown on your iPad's screen. That’s easy to do on an iPad.
As an owner or manager of a small or mid-size business struggling to keep up with technology and changing business environments, it's easy to get overwhelmed. Should you keep limping along with multiple, unconnected systems, or bite the bullet and implement an ERP system? The ERP evaluation process isn't easy, but with a few guiding principles you can prepare your company for the future.
ERP Drives Manufacturing Innovation
It's the start of a new year and 2012 forecasts for manufacturers are starting to look more promising. To stay ahead of the competition, you need to respond to the market with innovate product additions. A fully integrated business management system should enhance innovation to improve your responsiveness to the market.
If you own an Android phone, you can use it as a substitute for an external drive or a USB key. You can load files into your phone simply by plugging it in to a PC with a USB cable, then tapping on “Mount” when you are prompted by the system.
If you are using Windows Gadgets (or those small mini-applications that are embedded on your desktop that show interesting things like the latest news, weather updates, or sports scores), you may sometimes wish you can just quickly hide them to declutter your workspace.
Productivity is one of the fundamental building blocks of profitability. In New Year planning sessions around the globe, a common theme is how to enable current employees to achieve more in less time. For companies using Microsoft productivity tools such as Office and Exchange, the strategic advantage of an ERP system that fully integrates with those applications is clear.
For most small businesses using Office 365, the sender limit restriction will never be a problem. But in some situations, the restriction of 500 (1500 for Enterprise) recipients per day per account could pose a challenge. There’s an easy solution for organizations that need to send high volume emails.
