How do you determine the profitability of a project? - AssessTEAM

How do you determine the profitability of a project?

With a Premium or Enterprise plan, Project profitability is determined by calculating the ratio of the profit earned to total revenues.

The cost includes two components – fixed costs which come as operating expenses, and variable costs that come through employee timesheets by converting timesheet hours into their man-hour cost. The profit is calculated by subtracting the total cost of the project, fixed and variable costs, from the budget identified for that project.

Speak with our support team for assistance. Click here to schedule a call.

Related videos

Tracking project profitability in real-time – AssessTEAM

AssessTEAM tracks project profitability in real-time. We use an advance matrix using the time invested and project budget to display accurate business intelligence reports. The final profitability als…

Project profitability analysis with AssessTEAM

AssessTEAM measures man-hours invested and compare them to the project budget showing you profitability analysis reports in real-time. With AssessTEAM, you’ll be the first to know when projects are at…

A guided rollout is included with all our plans. Simply send us your job descriptions and we will set up your evaluations.
Expert HR advice is available to all customers free of charge.

Menu