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Marketing budgets in retail and other industries are often the first to be frozen when the credit harder to come by and slow down consumer spending. As a result, companies can get it in the creative industry increasingly difficult jobs. In such times when the economy is stagnant or on the brink of a recession, investing in a job costing system and the training of personnel in this system would be the last thing on the mind of a decision maker in an agency.

However, this is a veryMisconception:

- Companies that can be called a project management system in place, as the biggest advantage is that the streamlining of work processes and avoid duplication of work. Where integrated job costing system in the financial system is an even greater strength:

When a second member of staff has resulted in administrative work to duplicate those already performed by a colleague in another part of the business, that person's time to be used for new business is not for pitchingor project work. It makes no difference whether the duplication occurs at a project level for tasks performed in the finance department finance staff or re entering data already processed by the promoters because, although the members of the finance team is sometimes regarded as a necessary overhead to keep on top of the finances, taking into account actual client project work (from a commercial perspective, the main project) work.

TheImproving the efficiency of the staff is keeping the most economical way to profitability of the company and stay clear of staff reductions.

- Other important benefits of project management systems are in the planning and budgeting, following that of the Financial Tracking of projects:

Although these features are in times of growth are vital, even more important in difficult economic circumstances. If the goal of the industry's marketing fund is reduced toimportant to the agencies, their places on a sound internal budgets. It would prove to be costly to win an inappropriate project and the completion of this project with a large loss due to the lack of initial planning and the right resources, if at the same time to lose in projects much better coordination of the agencies portfolio and the know how it's resources. With the right planning in the budget at the beginning of a project that will cost a job to help make sure that this budgetnot exceeded, or - in case it is approaching maximum - flag that immediately, so that the organization is a basis to negotiate with the customer to increase the initial amount.

On average, agencies, won the project management systems in place experience an improvement in their profitability by about 30 to 40% on better planning, better monitoring and accounting of what that time and costs and an increase of the personnel are less days spent on duplication of work. All of these advantages,are useful to have in good times, you can set your company up to date at this time of Credit Crunch.

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