Is anyone doing isolated P&L for their project team/department?
I run my company's project division, and it's been very ad-hoc and "vibes" based for years. We are doing no monitoring of budgets, issues, or scheduling right now, and don't have any quality control process in place.
At the end of every month, I have an hour+ call with our finance manager and we go project by project and are mostly looking for anything notable for billing purposes.
One of my objectives is to replace this call, and one thing I'm planning to do is to give a written monthly report that gives a per-project status (on-track, at risk, off-track) as well as some global metrics including % of tickets on budget and on schedule and the month's realized project revenue and any losses (from mis-orders, unplanned shipping costs, etc).
The goal is to both give accurate reporting on the health of the team AND chart improvement or impairment over time.
The problem is that I've never done anything like this, and I'm not entirely sure where to start. Is there anyone here who has done something like this OR anyone who might need to do something similar and is open to collaboration?
Thanks!