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Home  » Solutions  » Building company solution

Step 10. Managing building company KPI

Estimated and actual time tracking in building company
Managing building company KPI

Most important KPI for team management in building company is time. For successful time and task management it is necessary to track tasks durations. In VIP Task Manager each task has such properties as estimated and actual time. The most convenient way to compare these indicators is to use charts panel. Team coordinator can select required tasks or projects and easily build graphical report – column diagram, where estimated and actual duration of each task or project will be viewed as different colored columns and it will be easy to compare them.

Productivity management in building company

Personnel or department productivity and effectiveness management is highly important in any company, including building companies. VIP Tasks Manager is software that allows not only collaborate within the team, but to analyze each team members productivity. For example: team coordinator or departments managers are able to track how many tasks were completed in time by certain employee, what is the percent of completeness on certain date, how many tasks were created and done during current and previous months in each department, etc.

Managing building company KPI
Expense tracking in building company

Another extremely important KPI for building company is money. With the help of calculated fields it is possible to track actual expenses vs. estimated costs (such customization will be useful for managing of small building projects).

Managing building company KPI

For example - We have building stage 2) Trenching - Foundation Laying, this task group consists of several tasks – one of these tasks is To rent an excavator (digging of foundation pit) (it supposes that office manager or another employee should negotiate with contractor (construction machinery lessor) and report the terms of agreement to project manager), lets say – one hour of excavator work costs $1000 USD and digging of a foundation pit takes 3 hours – so office manager will enter data into special fields estimated time (3 hours) and price per hour ($1000 USD) and calculated field estimated price will show that this stage of work will cost $3000 USD. When field work starts the estimated time can differ from actual one, lets say the work of excavator can be protracted on fault of the customer (construction company) and actual time turns into 4 hours. After that, actual time should be entered in the task, and field actual price will show - $4000 USD, at the same time another field unplanned expenses will show $1000 USD ($4000 USD - $3000 USD).

 

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