Chris Croft's Personal Blog

October 20, 2010

Do you know the real costs of things?

Filed under: Managing People, News and Politics, Project Management, Time Management — chriscroft @ 6:06 pm

With all the emphasis on cutting costs at the moment, it’s interesting to think about much you really know, or don’t know, about your costs…

Do you know the cost of
– a complaint
– getting tenders for a job (writing the tender spec, seeing the people etc)
– managing a project
– producing and sending out a purchase order
– producing and sending out a contract
– producing your annual business plan
– computer downtime per person or per week
– moving office
– an unreliable photocopier
– a two hour meeting for eight people

Only when armed with this information can we make decisions on investment, cuts, automation, priorities, etc

And some of them might be more expensive, or less expensive, than you realised!



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