Improvement: Accurate, Real-time Project Margins

Margins are always calculated based on the current level of effort, timelines, milestones, and revenue, and cost of the assigned resource for trusted information

Kimble Functions

Using Kimble, you will be able to:

  • Combining multiple commercial models in one engagement
  • Determine if more cost-efficient resources are needed to reach desired margins
  • Visualise burndown rate against a PO or project
  • Track baseline vs projected vs actual
  • Empower managers to steer towards maintaining or increasing profitability via engagement notifications

Kimble Product Features

  • Kimble can have multiple elements (commercial models) in the same engagement. For example, you can have a fixed-price element and a T&M element in the same project
  • Engagement Dashboard shows real-time margin recalculation
  • Filter resources by role/skills/BU/location/cost, etc. and assign them based on weighted match
  • Revenue Summary report displays accurate comparison of baseline, projected, PO consumption, and actuals
  • Intelligent Insights driven by project-specific data

Improvement: Including Risk in Margin Calculation

Managers can take risk contingency into consideration when determining profit margins over a lengthy project for more accurate projections

Kimble Functions

Using Kimble, you will be able to:

  • Determine what project risk contingency to use
  • Include risk in projecting engagement profitability
  • Minimize project margin vulnerability to unforeseen risks and issues

Kimble Product Features

  • View margin based on the risk cost contingency
  • Configurable, percentage-based model

Improvement: Managing Project Change

Throughout a project, Kimble effectively and easily manages changes to project scope, resource costs, and even exchange rates. Kimble allows you to earmark resources based on changes, see how the change will affect revenue, etc.

Kimble Functions

Using Kimble, you will be able to:

  • Manage scope changes during an in-flight project
  • Manage cost increases due to salary increase
  • Manage exchange rate changes over a project’s lifetime
  • Conduct what-if planning for rate changes

Kimble Product Features

  • Change Elements can be added to existing engagements
  • Handles the following what-if scenarios:
  • Assignment Cost Change
  • Assignment Cost Exchange Rate Change
  • Assignment Revenue Exchange Rate Change
  • Milestone Revenue Exchange Rate Change