What is Work In Progress (WIP) Management ?
Proper WIP management improves the profitability and effectiveness of the professional services organization. It makes it easy to understand time and resource utilisation and ensures that resources used on billable projects actually reach an invoice. The premise behind good WIP management is that WIP has no concrete value to a company until it is invoiced. Empowering project managers with up-to-the-minute project status information means that projects can be easily tracked, analysed, and optimised, so the best possible return is achieved for the organisation. Importantly Coretime users can analyse WIP across the whole organisation, by project, manager, customer or under any number of customisable headings. Want aged WIP analysis by project location or manager? No Problem!
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- What is Work In Progress (WIP) Management ?
