Initial Cost Analysis and Overhead Tracking

What happens here

Blaine is in his office, talking about the importance of tracking project progress and costs. He displays a large '120 and 90 Day Planner' whiteboard from 'At-A-Glance' on his wall, on which he writes 'LMN Banner'. He explains that this software and diligent planning are crucial for managing financial aspects of a construction project. He highlights the distinction between billable change orders (for unforeseen circumstances that can be charged to the client) and non-billable lost time (overhead) that still costs the company money. He states that his company incurs approximately $1,000 in overhead per day, regardless of work being done. This sets the framework for the subsequent analysis of project delays.

Goal: Blaine introduces his project management system, highlighting a large wall planner used for tracking and discussing how unforeseen delays impact overall overhead costs.