TU01 - Reverse Engineer Your Estimate to Measure Your Job Performance

Tuesday, October 9 from 8:30 AM to 10:00 AM « Back

Grow your company and gain confidence in your numbers by learning to create an accurate and measurable estimate. We will explore ways to enter information into your estimate to keep your team producing in a logical and repeatable way.  A review of job costing and the importance of reverse engineering your estimate template to determine if you are making or losing money. We will look at what goes into determining what you should charge per hour for your employees and yourself.  As we wrap up in the class, we will look at and complete a labor tracking sheet by unit cost. Attendees will work together to determine what a repeatable unit cost might be for almost any task you may be estimating.

Learning Objectives:
1. Learn the cost codes, and the cost of goods sold (COGS) accounts needed before creating your estimating template.
2. Learn how to build your estimate template that makes sense for how the project will be produced.
3. Learn why it is important to know what burdened labor is and how to calculate it.
4. Learn how your production team can more efficiently manage the project by how you enter items into your estimate.


Credits: 0

Education Tracks: Business

Event Type: Conference Mini Workshops > Session