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Free Resource

Free Project Scorecard Template

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We have designed this easy-to-use project scorecard template to help contractors, builders, and project managers manage the health and progress of their projects. Included in this free project scorecard are tools to track your schedules, budgets, and labor hours against the targets you set. This fully customizable scorecard template is available to use in Google Sheets or Microsoft Excel.

What does the Project Scorecard Template include?

  • Built-in formulas for calculating gross profit margin and remaining project budget

  • Multi-Project Scheduling for comparing different project schedules

  • Project management dashboard for Punch Lists, To Dos, RFIs, Submittals, and Labor Hours

  • A full set of descriptions for how to use each input

  • Custom targets and goals for scoring your projects

What is a Project Scorecard?

A Project Scorecard, or Project Health Report, is a project management tool used for tracking the overall progress of your projects compared to the goals you have set. Construction professionals use project scorecards to easily track their key performance indicators across all their projects at once.

These performance metrics include: workdays ahead of schedule, project cost basis, gross profit margin, and budgeted vs. remaining man hours. A project scorecard assigns a score based on how healthy these metrics are, given your strategic goals.

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Who is a Project Scorecard Template for?

This project scorecard template was designed with construction professionals in mind. While it is specifically for managing construction projects, anyone wanting to maximize their project return on investment can use this scorecard template. Common users of this template include:

  • Project Managers
  • Site Superintendents
  • General Contractors
  • Custom Home Builders
  • Multi-Family Developers
  • Commercial and Residential Remodelers
  • ERP Administrators

Why should I use a Project Health Report?

Project Health Reports are a crucial part of any construction management software, providing the contractor with high-level views of the overall progress of every project. Project Health Reports provide business intelligence data, often organized into a project management dashboard, to quickly and clearly communicate if projects are on time and on budget.

When organized into project scorecard templates, these reports use scoring systems to compare the ROI of each project. These ROI metrics include schedule progress, job profit, to-do completion, punch list completion, and labor efficiency.

By tracking projects at a high level, the contractor can better ensure that strategic goals are met. This results in money and time saved on current and future projects.

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How can I better measure my project success?

Measuring your construction project’s success is important for continuing to grow your business and generate a profit. Accurately measuring success requires both a high-level view, as provided in a scorecard template, and a day-by-day or project-by-project view.

Setting strategic goals and deadlines to achieve those goals is important for being able to track your success. Goals provide your project team with a target to work towards and a standard to compare their progress to. You can check out our tips for measuring project success to learn how to best set and track those goals.

 

What other project management tools does ConstructionOnline offer?

We understand that projects can vary by type and scope, so we have set out to create a streamlined, all-in-one construction management system for contractors across the industry. Our standard tools include Estimating, Scheduling, Plan Management, and Team Management, with other sector-specific tools available for home builders, commercial contractors, multi-family developers, and other construction professionals.

For day-to-day project management, we provide Project Logging, Punch Lists, and Checklists that can be completed by you, your clients, or your subs. For high-level project tracking, we provide our TrueVision Business Intelligence platform.

What is TrueVision Business Intelligence?

TrueVision is a full business intelligence dashboard for tracking resources, managing multiple projects, and generating profitability and WIP reports. It also includes the TrueVision Project Scorecard, like the template above.

The difference is that the TrueVision Project Scorecard will automatically collect and enter your project data to provide a real-time score. This means there is no manual entry like in the project scorecard template. In fact, the entire TrueVision dashboard is automatically generated so you can focus on completing your projects on time and on budget.

Take your next steps to project success by trying ConstructionOnline for free, today.

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