FEATURES
Forecasting
Forecasting for architects & engineers in a Gantt chart.
See an estimate of future revenue from confirmed and proposed projects, and an estimate of the capacity to deliver the projects.
See an estimate of future revenue from confirmed and proposed projects, and an estimate of the capacity to deliver the projects.
Forecasting is the process of making an educated guess about the future health of your business. Directors, practice managers and project managers need to answer two important questions:
Synergy forecasting for architects and engineers helps answer these questions by enabling directors and project managers to manage risk. Forecasting invoicing helps identify billing issues that could put cash flow at risk. Forecasting workload helps identify capacity issues that could put project delivery at risk.
Synergy’s flexible cloud storage options mean you can buy additional storage as required and keep everything in one secure, searchable place.
Your staff can view their assigned tasks on their dashboard and start activity timers either from here or the work breakdown structure. Task details are automatically added to the timesheet entry, and notes can be added inline on the task.
Architecture and engineering directors and project managers can use Synergy forecasting to review the progress of work-in-hand with real-time updates on a simple, drag-and-drop Gantt chart.
The Business level of forecasting estimates how many staff you need per project using the primary staff rates for each staff member (e.g. director, project manager, architect, etc). Each project has a likelihood percentage which weights the revenue in the reports and graph — 100 percent likelihood for confirmed projects, and an adjustable percentage likelihood for project opportunities — all of which combines to help you estimate whether you are making more money than the cost of your team and if you have enough people for the work.
For example, if the company is forecast to be below target revenue, it knows it needs to win more projects. It can also see an estimate of people needed for current and future confirmed projects, and future proposed projects.
Synergy forecasting allows architecture and engineering businesses to adjust the likelihood percentage of winning proposed projects. This updates the estimated revenue allowing practice directors to make informed, educated guesses about the future health of the practice in terms of cash flow and capacity.
Forecasting is available in Synergy Business and Enterprise product levels.
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