Ajera Work In Progress (WIP) Management – Effects on Project & Financial Reporting
Cost: $200.00 per person
WIP Management is a universal challenge. Your WIP balances affect your financial reporting. It is CRITICAL that WIP is maintained accurately. We find that many clients do not fully understand the impact of WIP changes made during the billing cycle. Our goal is for you to walk away from this session with a full understanding of Best Practices for WIP Management.
In this class, our Ajera experts will provide training on:
- How do you manage WIP
- Transitioning ownership of WIP management to your PMs
- What effect does the status change have on project & financial reports
- Why you should have a published policy on WIP management
- Why PMs should review EVERY draft invoice each month
- How to reconcile WIP at month-end
- How does WIP potentially affect your taxes
- Company Preferences and WIP ‘Washing’
Tools Provided:
- Guide to WIP changes and how they affect project and financial reports
- Guide to improving your PM dashboard
- Copy of the PowerPoint presentation
- Recording of the Training
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Shawna Pace-Powers