Job-Cost Profitability Management Quiz

1. Job Cost Visibility
Throughout the life of every job or project we can easily see (by $ and %) what we earned, what it cost, and our gross profit by job stage or cost code (examples for construction might include Site Prep, Foundation, Framing, etc.) *This question is required.

Almost Always	Frequently	On Occasion	Seldom	Never	Doesn't Apply
Almost Always	Frequently	On Occasion	Seldom	Never	Doesn't Apply

2. Planned Results vs. Actual Results
Throughout the life of our jobs, we can easily see – by Cost Code – our ESTIMATED income and costs, ACTUAL income and costs, and the differences between them ($ and %). *This question is required.

Almost Always	Frequently	On Occasion	Seldom	Never	Doesn't Apply
Almost Always	Frequently	On Occasion	Seldom	Never	Doesn't Apply

3. Employee Costs Assigned to Jobs
We track employee time, and our job-cost reports include direct labor payroll costs, payroll taxes, benefits and all other employee-related expenses. *This question is required.

Almost Always	Frequently	On Occasion	Seldom	Never	Doesn't Apply
Almost Always	Frequently	On Occasion	Seldom	Never	Doesn't Apply

4. Job Analytics
We can see job-profitability results summarized and reported in various ways – for example – results “By Customer,” “By Job Size,” “By Job Type,” “By Job Supervisor,” “By Model or Elevation,” “By Location,” etc. *This question is required.

Almost Always	Frequently	On Occasion	Seldom	Never	Doesn't Apply
Almost Always	Frequently	On Occasion	Seldom	Never	Doesn't Apply

5. Purchasing Controls
We use a Purchase Order (PO) System to communicate with vendors. They clearly show what we are purchasing and the agreed-upon cost. They also include (or refer to) code or quality standards and expected dates of service or delivery. *This question is required.

Almost Always	Frequently	On Occasion	Seldom	Never	Doesn't Apply
Almost Always	Frequently	On Occasion	Seldom	Never	Doesn't Apply

6. Anti-fraud Controls
We have established a “checks and balances” system that prevents any employee from being able to handle transactions from beginning to end. *This question is required.

Almost Always	Frequently	On Occasion	Seldom	Never	Doesn't Apply
Almost Always	Frequently	On Occasion	Seldom	Never	Doesn't Apply

7. Company Management Reports
Our internal reports are easy to understand and provide the kinds of useful information (summarized or detailed) that we need in order to make day-to-day management decisions. *This question is required.

Almost Always	Frequently	On Occasion	Seldom	Never	Doesn't Apply
Almost Always	Frequently	On Occasion	Seldom	Never	Doesn't Apply

8. Company Targets and Goals
We establish annual target amounts for Gross Sales, Gross Profit dollars, and Profit Margin %’s, Net Profits, and owner compensation. *This question is required.

Almost Always	Frequently	On Occasion	Seldom	Never	Doesn't Apply
Almost Always	Frequently	On Occasion	Seldom	Never	Doesn't Apply

9. Company Profitability & Timing of Income
Our month-to-month, quarter-to-quarter, and year-to-year Gross and Net Profits are consistent and stable. *This question is required.

Almost Always	Frequently	On Occasion	Seldom	Never	Doesn't Apply
Almost Always	Frequently	On Occasion	Seldom	Never	Doesn't Apply

10. Accurate and Timely Reports
Our reports are accurate because we have a detailed set of procedures that we follow to close our books at the end of each month. We also know exactly when we will be able to see prior-month and year-to-date reports. *This question is required.

Almost Always	Frequently	On Occasion	Seldom	Never	Doesn't Apply
Almost Always	Frequently	On Occasion	Seldom	Never	Doesn't Apply