Assignment 1: Business Operations - Finances
ASSIGNMENT
There are 7 key indicators of financial performance of which you need to be aware.
- What are these indicators?
- In your own words, define Utilization Rate
- What’s a good utilization rate? What’s too low? Is there a too high?
- 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