Article content provided by RIVET.
The WFM Blueprint provides a framework for labor efficiency: the #1 profit and loss driver on projects. If you’re routinely experiencing profit loss in the last 20% of your projects, you’re not alone. The good news is it’s avoidable.
- Create a labor plan with a resource profile.
- Monitor the labor plan on a weekly basis.
- Conduct an Earn Value Analysis (EVA) monthly.
- Reconcile and align the Labor Plan with the EVA.
With this approach you’ll know when you’re hitting your labor peak, and you can stabilize your WIP. The Blueprint covers how to bring discipline to company labor processes, evaluate the need for software and align project forecasts to your workforce.
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RIVET (RIVET Work Inc.) is labor ops software for construction contractors. RIVET streamlines forecasting, scheduling and field communication to maximize labor utilization and grow businesses. The company was formed to resolve the pain of a fractured labor planning process and miscommunications commonly found within the construction industry. The RIVET team is passionate about leveraging technology to champion the skilled trades, accelerate digital transformation, and make construction an industry of choice for a new generation entering the workforce.
