Putting it all on paper

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Have you divided the steps? Then it's time to list the activities to be performed, the fixed and professional costs, and the average time invested. And don't forget to dedicate extra time to review and align with the team, in order to mitigate errors and eliminate the possibility of rework .

Once you've made your list, get ready: it's time to do the math. So grab your calculator and let's get started:

Calculating labor
First, the most important thing: the cost of your employees. You need to find the average hourly rate for each professional involved in the job. If necessary, call on your accountant to help.

Now, don't forget that this calculation doesn't finland mobile database include the fixed monthly salary; all benefits received by employees must also be taken into account. Transportation allowance, meal allowance, 13th salary, and so on. When you find the average hourly value/man, you must then estimate how long it will take each professional to perform the tasks assigned to them in the project.

Here, a tool like makes all the difference, as it allows you to accurately monitor the amount of time spent on each task. And with periodic productivity reports, it’s easy to project how many hours each employee will spend on a specific task.