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What is a Management Dashboard?
The term Management Dashboard defines a wide range of data reporting and visualization tools or dashboards that allow using various performance & efficiency measures to report on an enterprise’s ability to organize and coordinate its activities in accordance with certain policies and in achievement of pre-determined objectives. What is a Management Dashboard?
 
 
 
 
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Money Management Action Plan

In this Money Management Action Plan you can read a range of tips and suggestions that will help you manage your money in an effective manner.

Money Management Action Plan
 
 
 
Home » Glossary » What is Project Profitability?
What is Project Profitability?  

What is Project Profitability?



 
 

Project Profitability is the state or condition of a project to describe the yielding of a financial profit or gain from that project. It is a measure of project operational efficiency in terms of financial benefits. As a rule, it is calculated by the cost-income ratio.

Estimation is the major activity that ensures project profitability. Through estimating project parameters (such as cost, performance and time) it is possible to determine how the project is changed and to explore current status of project benefits. Calculating the cost-income ratio allows defining whether operating expenses do not exceed operating income produced by the project. The ratio confirms that project profitability tends to an increase if operating expenses are lowered.

Operational efficiency is closely linked to profitability. More efficient projects generate more profits and thereby operate with higher profitability. An efficient project runs with lower operational expenses and produces desired benefits with expected or lower consumption of resources. In the context of project efficiency, project profitability can be increased through improving staff productivity.

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