As we continue to evaluate our business model, today we take a look at our policies and procedures.
As we continue with our review we are following the 4-Pillars of Successful Contracting. Today is #2. Policies and Procedures.
- Policies and procedures are the blocking and tackling – the basics
- These tell us how to deliver our product
- How we perform our jobs
- These can be vague to very detailed depending on the topic and business
- Review each area of your business
- Sales & marketing
- Estimating
- Project planning
- Project management
- Project controls
- Project accounting
- Project closeout
- Business management
- Business accounting
- Ask yourself questions about each topic to help understand where you are
- Three main concerns
- During this process, I try to identify 3 key things
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How are you performing at your current level? Are you scoring a 90% of higher (would you give yourself an A?)
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Can your current levels support your goals for next year? Next 3 years? Next 5 years?
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What would the ideal situations look like for next year? Next 3 years? Next 5 years?
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- During this process, I try to identify 3 key things