Year-end project planning is an important time to get everything in order. Creating a solid plan for your AV projects ensures your business stays within the allocated budget. It also gets your project delivered on time. With many of us in the middle of year-end planning, it can be difficult to remember what you should focus on, but it's good to know a few things going into this season. Here is what you should know about year-end project planning.
It is important to secure your resources and equipment in advance when planning your project. You will likely need to plan on initiating the process of getting your equipment ordered much earlier than planned. This can help lead to a smoother integration. The lead times to get equipment are currently far longer than they have ever been in the past.
To ensure you are on track to get your audio video equipment when needed, you should plan for longer lead times during your year-end project. By anticipating longer lead times, you can ensure your projects will close when planned. Plus, your billing will be completed at the correct times to meet your financial commitments. Longer lead times are one of the most important factors when planning your year-end project with today's logistical challenges.
Another important factor to consider is that there is currently a labor shortage, and recruiting individuals is getting a lot more competitive. Because of this, it is now more difficult than ever for companies to scale for larger projects. Therefore, the inability to quickly recruit many people needs to be accounted for during the year-end project planning phase. That way, you can secure more people early on or adjust your project accordingly.
When doing your year-end project planning, you should also account for the possibility of budget changes. You may end up with more or less money than you originally thought was available. By getting an estimate ahead of time, you can do your best to work within your budget throughout the project.
Year-end project planning can be stressful, and the last thing you want is to find yourself in the middle of a project unprepared. This can throw the entire project off schedule or even end the project altogether. By planning your project early and accounting for these major issues ahead of time, you can be ready to deal with any road bumps along the way. This can help you deliver a successful project by year-end.
At Communications Advisory Service (CAS), we can guide you through the entire process. You can schedule a call with us, and we will be more than happy to help you with your planning efforts. With our help, you can avoid some of the stress that comes with project planning, and we can guide you through some of the common problems people face when creating a project. So give us a call today so we can help you deliver your projects on time and within your budget.