Reflections from the Hiworks Organised Workshop are:
1. Go above and beyond your competitors in service delivery.
2 Benchmark with global best practices,
3. Deploy more efficient work tools and techniques as a way to increase your market share of time knowing that at best at 6hours daily active worktime and 6days weekly, the share of time in a year is 1728 hours and for 48weeks. So when you have a turnover target of N100M, every hour is worth about N58000.00 ($280) and the overhead and profit is a share of this, being 15-35%. In view of these parameters, a N20M project should not run more than 14weeks all things being equal .
4. You must never be lackadaisical with projects with moving deadlines as they encroach on your potential business time for fresh prospects. We must have strategies for making projects pay for extension of time.
5. It is better to finish old projects at record time and wait for fresh opportunities than be perpetually engaged on old ones.
6. Project planning must be rigorous and extensive to the ends that the project construction time runs with minimal hitches. This is very critical for bank funded project.
7. Project implementation team must show confidence in their interpretation of the designed project.
Our next workshop holding on the 28th of April 2015, tagged "Profitable Projects Stripped Bare" will focus on strategies for a profitable construction business among other things.
Odusina Adewale
Hiworks Services Ltd
Hwsl2014@gmail.com
+2347042900201
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