• L&T Institute of Project Management

  • L&T Institute of Project Management

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Project Profitability Management (Protecting Margins and Preventing Leakages)

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Projects are bid and won with an intent of profitable execution while meeting the Client expectations on timely delivery and quality.

Though the profit is recognized at a company level, project level margin protection is a key factor in profitable execution. Such execution is majorly dependent on containment of costs of execution, prevention of unnecessary wastages and enhancing execution efficiency. Any cost or schedule overruns in the project, adversely affect the expected profit contribution from the project. Hence a holistic approach during project life cycle from bid preparation stage to close-out/handover stage including DLP is necessary. This includes, understanding essential of commercial aspects and estimates of costs and risk properly at bidding stage, this along with devising profit improvement plan, cost optimization and execution efficiency at execution stage. This program is designed to familiarize the participants on building necessary knowledge and skills pertaining to financial and commercial aspects this along managing execution elements that can contribute to profit protection. This includes with aiding them in identifying and plugging profit leakages during the life cycle of EPC projects. The Program focuses on honing skills, knowledge and practical understanding about various aspects of execution efficacy and cost efficiency from bidding to close-out stage.

 

Target Audience: Tier-1 to Tier-3

Program Manager: Hiren Maniar

Duration: 2 Days (16 hours)

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