Tracking projected revenue helps to reach our goals.
Q: Can you provide some pointers on tracking monthly project revenue.
A: Use your schedule of values to make projections and track them weekly.
- Meeting our revenue goals is important for success
- Helps keep us on schedule
- Helps meet our overhead needs
- Helps cash flow the project
- Project revenue for the entire project
- Start with the simple – contract value divided by the months on the project schedule
- Use the project schedule to get more detail
- Create projected monthly SOVs for the entire project
- Track your progress
- Use your SOVs to track your monthly activity
- Determine 2 to 3 key items that will help deliver your goals
- Track your production weekly