These concise dashboards give you critical information in a format that allows you to see the big picture while still having enough information to be actionable.
Consider two very simple views of changes:
- One page aging summary by stage of change, including quantities and amounts in each aging bucket. This format can summarize a single project, PM, business unit, or company. Showing a pie chart of the unexecuted changes that are in progress can let you quickly see your opportunities and risks.
- A simple matrix that summarizes each PM and the aging of identified changes that have not been proposed to the customer, as well as changes that have been proposed but are pending approval from the customer. These are the two most critical stages to monitor. Rigorous change management meetings held 2X monthly will improve these metrics.
It is very easy for a contractor to get into a cash flow crunch through a combination of slow change order processing and growing retention.
Learn more about how we help contractors improve change management through people, process, training, and tools.
