Managing budget is top of mind for AEC firms. But do you know the top areas your firm might be losing profit? Deltek research has uncovered the top 8 areas where AEC firms are losing money. 1. Lost opportunities from an uncoordinated approach to finding and pursuing new projects 2. A cumbersome proposal process 3. Flawed estimating leading to underestimated hours required to complete projects 4. Scope creep and project overruns 5. Poor staff utilization and resource scheduling 6. Poor project management 7. Poor cash flow and long invoice cycles 8. Inefficient and non-integrated systems #AEC #AECIndustry #Budget #ProjectManagement #Profit #ProfitLoss
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