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Decoding WIP: The Lifeblood of Project-Based Businesses
Manage episode 377394879 series 2879314
On this episode of ClearTalk...
Join host Jen Jackson as she dives into the essentials of Project WIP with expert Brad Dempsey. In this episode, they'll discuss:
Defining WIP: Uncover what WIP (Work in Progress) reports are and why they are seen as the lifeblood of Project-Based Companies.
Importance for Systems Integration Companies: Understand why the WIP schedule is vital for assessing company performance and future projections.
Spotting Red Flags: Bradford offers insights on indicators of potential issues when evaluating WIP and how to navigate through them.
Forecasting Cash Flow & Profitability: Learn how the project and portfolio WIP can guide in forecasting a company's cash flow and potential profitability.
Aligning WIP with Financial Goals: Tips on ensuring that WIP corresponds with a company's broader financial strategy and objectives.
External Stakeholder Communication: Grasp how WIP aids in transparently communicating a company's health and progress to banks, investors, and bonding companies.
Don't miss out on this comprehensive breakdown. Tune into the ClearTalk podcast for the full conversation!
48 episodes
Manage episode 377394879 series 2879314
On this episode of ClearTalk...
Join host Jen Jackson as she dives into the essentials of Project WIP with expert Brad Dempsey. In this episode, they'll discuss:
Defining WIP: Uncover what WIP (Work in Progress) reports are and why they are seen as the lifeblood of Project-Based Companies.
Importance for Systems Integration Companies: Understand why the WIP schedule is vital for assessing company performance and future projections.
Spotting Red Flags: Bradford offers insights on indicators of potential issues when evaluating WIP and how to navigate through them.
Forecasting Cash Flow & Profitability: Learn how the project and portfolio WIP can guide in forecasting a company's cash flow and potential profitability.
Aligning WIP with Financial Goals: Tips on ensuring that WIP corresponds with a company's broader financial strategy and objectives.
External Stakeholder Communication: Grasp how WIP aids in transparently communicating a company's health and progress to banks, investors, and bonding companies.
Don't miss out on this comprehensive breakdown. Tune into the ClearTalk podcast for the full conversation!
48 episodes
All episodes
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