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Project Management for Profit: A Failsafe Guide to Keeping Projects On Track and On Budget Hardcover – June 26, 2012


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Editorial Reviews

Review

“The book is a brief solid guide, with tips and insights readable for those on the go and distracted by a million things needed for their project. The book reads as it’s advertised, meant to help people who need a system but are not technically savvy at standard project management technique. It can fit a small team together in one locale or a team spread across the globe.” — Small Business Trends (smallbiztrends.com)

About the Author

Joe Knight is CFO and co-owner of Setpoint and co-owner and senior consultant with the Business Literacy Institute. He is coauthor of the popular and highly acclaimed book Financial Intelligence. Roger Thomas is vice president of operations and a project manager at Setpoint. Brad Angus is co-owner and CEO of Setpoint.
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Product Details

  • Hardcover: 192 pages
  • Publisher: Harvard Business Review Press (June 26, 2012)
  • Language: English
  • ISBN-10: 1422144178
  • ISBN-13: 978-1422144176
  • Product Dimensions: 8.3 x 5.8 x 0.9 inches
  • Shipping Weight: 12 ounces (View shipping rates and policies)
  • Average Customer Review: 4.4 out of 5 stars  See all reviews (12 customer reviews)
  • Amazon Best Sellers Rank: #77,435 in Books (See Top 100 in Books)

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Most Helpful Customer Reviews

8 of 10 people found the following review helpful By Francois DAUGNY on March 31, 2013
Format: Hardcover
This book is easy to read, rather entertaining, simple and to the point. This is of course good for a book aiming to be practical and applicable. To this extent, "Project Management for Profit" has achieved its goal.
Practitioners will probably enjoy Parts 2 and 3. It systematically lays out in simple terms what is already known by reasonable PMs.
Part 2 presents how to organize a reporting system indicating timely and accurately your project's current completion and spending status. The system introduced is simple, robust and down to earth.
Part 3 of the book introduces how to create documentation and to communicate around notions developed in Part 2. Again, this is presenting simple and practical tools.

So, will all Project Managers enjoy the book? Well, in my opinion, probably not!
Let's go back to Part 1.
The first part of the book presents as a revelation the necessity to have, in order to manage properly a project, a clear vision of current spending and current job completion. I wonder which PM needs this book to discover this truth! Even the most in-experienced PM or even a student with the most basic PM training should have gleaned this fact of life. Also presented as a big secret being disclosed, profit generated by a project is not directly proportional to the spending! Anyone who needed this book to discover that should have been removed long ago from any managerial position.
Likewise, in my views, the reporting system described is basic and can be easily developed without this book (if not already done by any PM who wants to keep visibility on his project). It is simple tracking and accounting. The communication system described in Part 3 is also relatively classical.
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2 of 2 people found the following review helpful By firehawk82 on July 15, 2012
Format: Hardcover Verified Purchase
Overall, the authors provide a good system for organizing projects and forcing staff to forecast needed hours/materials/etc. This is something that is very important. However, there were several modifications that needed to be made if you aren't project managing something that needs to be physically built (like a roller-coaster). I was a little disappointed that no excel sheets with the book's formulas weren't provided as an example. The website does have a calculator, but not something that you can download and customize. It appears the authors may be building their own software to sell, which is fine, but an excel sheet would help readers implement the process.
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3 of 4 people found the following review helpful By Chuck V. on June 29, 2012
Format: Hardcover
When it comes to project management, it's really tough to do it right. Fixed cost projects are even more difficult and the approach that this book takes will definitely help. I like many things about this book. From simplifying the financials so that it becomes meaningful, to giving me a real 'scoreboard' updated daily, to honest communication with the customer and the guys on the floor. Excellently done gentlemen.

This book is quite candid about human relationship issues that naturally occur within a project. Some funny. Some, not so funny. This should really help me get past these. For example, it's going to help develop good character in people and give them well defined incentives to be open and honest about what's going on in the project. This part is great. A definite read because of this alone.

It's the kind of straight talk that should wake up not only project managers, but everyone from the exec's to the assembly worker. Excellent book guys. This book packs a punch. Lots of content in a short, easy to read book. Look forward to more books down the road!
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1 of 1 people found the following review helpful By StevenRoy on March 13, 2013
Format: Hardcover
Over the course of my career in the high technology sector I have observed numerous, complex projects that have run well past their due dates and budgeted costs, not to mention experiencing exponential scope creep. As a Prince II certified project manager, I've often felt the information I needed to manage projects effectively was either obfuscated or lagged so far behind the current situation as to render it of little real world value. Project Management for Profit is a revelation on how to structure an efficient process to manage a project based on transparent use of real time data. I can't wait to implement the principles and tools outlined in the book on my next project!
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1 of 1 people found the following review helpful By D. Allen Miller on June 22, 2012
Format: Hardcover
It's about time someone provided a simple to understand and easy to implement approach to project management. Joe Knight and his co-authors have done just that through the Setpoint system as detailed in Project Management for Profit. By following the process outlined in their book, you won't have to worry about projects spinning out of control because of budget and scheduling surprises that can turn a real moneymaker into a financial disaster. Thanks, Joe, for providing me a tool that will inevitably benefit my bottom line!
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1 of 1 people found the following review helpful By Skinner on August 24, 2012
Format: Hardcover
The book engaged me from the introduction. Too often we get stuck in traditional ways of running business and projects. This book opens our eyes in to using some good things from those traditions but replacing some less-than-good management behaviors with common sense money-making behaviors. I highly recommend it to owners, executives, and project managers. Especially where materials or components are involved.
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