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The Importance of a Profit and Loss System
A Project Manager Must See Where He Is Making Money, And Where He Is Losing Money.
This report shows by item, exactly what department is not doing well.
The PM must see what is going on where red is. Either the estimate is off (which should be addressed with the estimator), or, there are inefficiencies that must be corrected in the departments that are showing red. Shipping, milling, sanding, finishing, and unloading is losing money. Material purchases, assembly & engineering/PM are doing well. Hours are over by 230.