Scope creep is something that project managers in architectural firms have to be alert to whenever they are managing an architectural project. If scope creep is allowed to go unaddressed, it can ultimately jeopardise the profitability and viability of the entire business.
Inflation and the Covid-19 pandemic have inevitably impacted the profitability of architecture practices. According to the annual RIBA state of the industry, Business Benchmarking Summary, overall practice revenue was down by 15% in 2021 compared to the 2020 report. Unsurprisingly, there was nearly a third in reduction of revenue from …
There are various pricing methods for architects, and while there are few guarantees regarding profit levels, there are some good practices to follow. In our latest article we look at how you can price your architecture services
I often host workshops with architects on practice management. One of the exercises I do is to ask the audience to calculate the cost rate of a fictitious architect, given a set of financial and timesheet data.So far (and hundreds of architects have made the attempt), no one has worked …
The UK construction industry enjoyed a recovery in 2021. And the great news is, this positive trajectory is expected to continue through 2022 and beyond:“With Government investment in transport and renewable energy driving the recovery and residential continuing to strengthen, analysts are expecting this positive outlook to continue through to …
There are 4 main types of employees in any professional service firmReallocating the nature of work between the different types can drastically improve profitabilityThe A TeamWe are going to be using the hot 80's TV show, The A Team, to illustrate our point: If you have a problem, if no …
When I was a teenager, I authored an Excel workbook that was used extensively to capture the quantity, species and location of wild animals being spotted from a helicopter - in order to plot, aggregate and extrapolate game populations for management purposes.
