The 10 Essential KPIs to Include on Every WIP Report
eBook
A well-crafted, timely Work in Progress (WIP) report is essential for effective project management and financial oversight. Knowing which KPIs to include can transform your WIP report from a simple progress tracker into a powerful tool for informed decision-making. We consulted CPA firms, business advisors, and construction executives to pinpoint the most critical KPIs for your report.
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Here's what you'll find inside:
Expert Insights
Guidance from top industry experts who understand what makes a WIP report truly impactful.
Must-Have Metrics
The essential KPIs that every contractor needs for a clear and accurate view of project performance.
Best Practices
How to implement these KPIs effectively to maximize profit margins, strengthen cash flow, and anticipate risks.
What the experts say
[Billed to date] represents the cumulative amount billed to the project along with unbilled retainage. It is important to bill as aggressively as possible on the jobs to help improve the cash inflows to the company, to try to stay ahead of cash outflows.
Poor billing practices can cause delays or inaccuracies in invoicing, leading to an underbilled project. Cost overruns that can't be billed, or unapproved change orders, can result in billings lagging behind actual project costs.