Jonathan Treu, a project manager himself, knows all of the ways that a project manager can help your business to save money. Many businesses have been hit hard by COVID-19, and are looking to make up some of those losses wherever they can. A project manager has many purposes, including helping you to save money. Here are a few of the key ways that this can be accomplished.
Jonathan Treu says that one of the ways that a project manager can help you to save money is by helping you to create a realistic budget for your construction project or business project. While setting a realistic budget may not seem like it would help you to save money, it is important for a few reasons. First off, if you underestimate how much something may cost, you may run out of money. Secondly, having a realistic budget can help you take out loans or get funding from investors that will fully cover the costs of your project, helping to prevent the project from unexpectedly coming to a halt.
Jonathan Treu states that another way that a project manager can help you to save money is by helping you stick to your project completion date. One of the areas where companies often go over budget is by failing to complete a project by its end date. This increases labor costs, equipment rental costs, insurance costs and all of the other costs associated with doing business. A project manager helps a project stick to its timeline, which helps you to save money.
Jonathan Treu says that the final way a project manager can help you save money is by creating a strong ordering strategy. If you order supplies too early, you have to find a way to store those supplies and protect them from being stolen. If you order supplies too late, your employees may not have the supplies they need at the time, and may have to stand around waiting until the supplies come in. Both can wind up costing you money. A project manager knows how and when to order supplies so they are there when they are needed.
Jonathan Treu knows that businesses all have their own unique needs. Some businesses are looking to save money, some businesses want to streamline their processes and other businesses want to do everything they can to ensure projects are completed by the estimated business completion day. Whatever your business goal is for specific projects, a project manager can work with you to ensure that goal comes to fruition.