Services
We provide comprehensive analysis of revenue trends by monitoring data, enabling us to offer valuable insights into your business' sales effectiveness, market demand, and pricing strategies.
Managing costs effectively is a core responsibility shared by all functions within a business. Ensuring safety, quality, and fairness are upheld is of utmost importance in achieving optimal site/project delivery. To achieve the best costs and avoid excessive spending, it is essential to allocate appropriate time and resources at each stage of the cost management process. This includes diligent estimation and budgeting, continuous progress monitoring, and taking effective corrective action when necessary.
At TTP, we have a range of tools at our disposal to facilitate cost management throughout the development of your project. By leveraging these tools and adhering to a meticulous cost management approach, we are committed to supporting you in achieving both financial and project success.
The TTP team is dedicated to assisting you in effectively analysing revenue trends, managing costs, and ensuring the overall success of your business endeavours.
Profit & Loss Reporting
One common mistake made by many companies is assuming that all value engineering and improvements should be addressed solely before the project commences. Additionally, another misconception is that all improvements must have a tangible monetary value. It is crucial to conduct regular Value Improvement Meetings (VIM) throughout the project lifecycle to ensure its overall health.
At TTP, we recognise the significance of these meetings and have developed tried-and-tested templates to facilitate participation from all employees. We firmly believe that the best ideas often originate from unexpected sources within the organisation. It is important to understand that not all valuable contributions can be quantified in monetary terms. Factors such as buildability, deliverability, and the long-term impact or legacy of a project hold immense importance alongside financial costs.
By incorporating these non-tangible elements into value improvement discussions and encouraging diverse perspectives, we can foster a holistic approach that goes beyond immediate financial considerations. This approach ensures that projects are optimised not only in terms of costs but also in terms of their overall success and long-term value.
Value Engineering & Improvement
A well-defined framework is essential for any business to operate effectively. This framework should encompass the rules, best practices, and principles that guide your business's operations. It should be designed in a manner that enables both new and long-term employees to quickly understand your approach across all functional areas. Supporting documents such as checklists and separate functional manuals can further enhance this framework.
While it's impossible to create a fixed structure that fits all scenarios, the framework provides a foundation for decision-making and problem-solving. It empowers individuals to exercise their judgment within the established processes and procedures.
At TTP, we have developed working examples and templates that can serve as a starting point in establishing this framework for your business. We offer a comprehensive approach from both a commercial and cost perspective, along with a breadth of business knowledge that can support all functions within your organisation.
By leveraging our expertise, you can ensure that your business operates within a robust framework, allowing for efficient decision-making, problem-solving, and overall success.
Process & Procedures
Forecasting is often perceived as a challenging task for companies, but with effective data management, it can become a more manageable process. It is crucial to start forecasting from the initial project idea and continue monitoring it monthly throughout the project lifecycle.
At TTP, we offer expertise in various types of forecasting to assist you. These include margin forecasts, running cost/preliminaries forecasts, work in progress (WIP) forecasts, and project programs.
We have developed a range of market-tested templates that can be customised to suit your specific needs. By using these templates consistently, you can achieve more accurate forecasting, allowing for better monitoring of your commitments or targets for projects or budgets.
Implementing these forecasting techniques and utilising our templates will enhance your ability to make informed decisions and effectively track progress against your project or budget goals. Our goal is to support you in improving the accuracy and reliability of your forecasting, enabling better financial management and project success.
Forecasting
Marginal gain analysis, also known as incremental analysis, is a process of evaluating the incremental impact or benefit of making small changes or improvements in a particular aspect of a business or project. It involves analysing the potential gains or benefits that can be achieved by making incremental adjustments, compared to the costs or resources required to implement those changes.
The concept of marginal gains originates from the field of sports, where athletes and teams seek to make small, cumulative improvements in various areas to achieve significant overall performance enhancements. The same principle can be applied to businesses, aiming to identify and capitalise on small incremental improvements across different functions or processes.
Marginal gain analysis involves identifying specific areas or activities where even slight improvements can lead to meaningful benefits. By breaking down complex processes into smaller components and analysing the potential impact of optimising each component, businesses can prioritise their efforts and resources accordingly.
The analysis considers both quantitative factors, such as financial gains or cost savings, as well as qualitative factors, such as improved efficiency, customer satisfaction, or employee productivity. It helps businesses identify areas of potential improvement, develop action plans, and measure the outcomes of their initiatives.
Overall, marginal gain analysis is a systematic approach that allows businesses to identify and leverage small improvements in various aspects of their operations to achieve significant overall advancements. By focusing on continuous incremental enhancements, businesses can foster a culture of continuous improvement and drive sustainable success.
At TTP, we fully embrace the philosophy of marginal gains and recognise its potential for driving significant improvements in businesses. We are dedicated to assisting you in implementing step changes that foster a culture of continuous improvement within your organisation.
Our expertise lies in helping businesses embed this type of culture change by providing tailored strategies, tools, and support. We work closely with you to identify areas of potential marginal gains and develop actionable plans to bring about positive transformations.
By leveraging our experience and proven methodologies, we can guide you through the process of implementing incremental improvements across various aspects of your business. This includes optimising processes, enhancing operational efficiency, refining customer experience, and boosting employee engagement.
We understand that embedding a culture of continuous improvement requires a holistic approach. We can help you align your organisational goals, provide training and development opportunities, establish measurement frameworks, and foster a mindset of innovation and collaboration.
With our support, you can create a dynamic and adaptable business environment that embraces the philosophy of marginal gains, leading to long-term success and sustainable growth.
Let us partner with you to drive positive change and unlock the full potential of your business through the power of marginal gains.