In case you hadn’t heard, Journyx has officially launched the Journyx P5 Protocol – a proprietary process that enables customers to achieve per-person, per-project profitability.
The P5 Protocol uses Journyx technological solutions to help companies identify profit opportunities along the per-person/per-project continuum, as well as gather and analyze time and project management data. This information is then used to increase productivity, aid hiring and retention, and improve the quality of work while positively impacting profitability.
The P5 process guides companies through a series of steps toward improving profitability, with companies first identifying where they currently are on the continuum:
- Chaos – Overcommitted, processes abandoned in crisis, can’t repeat past success.
- Transition – Track project labor hours on all projects; basic costs/schedules visible to management.
- Structure – Track time/rates and expenses on all projects; complete direct costs known.
- System – Allocate indirect costs.
- Order – Integrated with CRM or accounting systems (also known as time-tracking nirvana).
Once companies determine where they currently are on the continuum, they can begin to improve their per-person, per-project profitability by using time-tracking data to identify profit opportunities.
“Journyx is driven to provide our customers with significant value at every point along the way because we believe your business and your money are too valuable to use difficult, over-priced enterprise software,” said Journyx CEO Curt Finch. “The Journyx P5 Protocol allows customers to see where they are, where they need to go, and understand how to get there.”
Get on the road to Project Nirvana at: http://journyx.com/rss/products/p5.html