Assignment 1: Business Operations - Finances

ASSIGNMENT

There are 7 key indicators of financial performance of which you need to be aware. 

  1. What are these indicators?
  2. In your own words, define Utilization Rate
  3. What’s a good utilization rate? What’s too low? Is there a too high?
  4. Can you figure out your own personal utilization rate?

EXERCISE

What’s the utilization rate for the employee shown below?

REFERENCES

YouTube | Hyperfine
ARE 5.0 - Utilization Rate for PcM/PjM
Note: Contains answers to this assignment. Maybe watch this after you've tried on your own.

EntreArchitect
7 Key Financial Performance Indicators for a Successful Architecture Firm
Note: This article is written by the author of, and covers similar content to, the AHPP section listed below.

AIA
High Performing Firms: By the Numbers


Architects Handbook of Professional Practice
Read Section 7.2 and pg 421 Direct & Indirect Time

Young Architect
PcM Practice Management 101 Course
PCM 101: Lesson 2.1

EXTRA READING ASSIGNMENT

AIA B101-2017 - ARTICLE 2

Complete and Continue