In order to be successful in the market, an organisation needs to, in addition to having a good product/service of high quality, price its offerings competitively. Pricing decisions are often complex processes depending on a lot of factors, both internal as well as external. However, the cornerstone of all pricing decisions would be the costing of the said product or service. Attempting the pricing of products or services without a clear understanding of the cost involved would seriously impact the success or failure of the same in the market place. In the intensely competitive market place, there would be instances when, as an entrepreneur, you may need to have differential pricing and that can only be possible if you have a clear understanding of the cost otherwise you could end up in losses.
Finance Optima brings to you its decades of experience & expertise to conduct detailed analysis of the costs and helps you arrive at the exact cost of your products; services, projects and divisions.
Arriving at the exact cost and analysis of its components is very critical in managing, controlling and even scientifically reducing costs in case of need. Haphazard cutting of costs would result in negative impact on the business which will have far reaching implications.
Finance Optima helps you analyse each component of your costs to arrive at the correct costing and cost reduction decisions which will help your organisation cut excess costs, improve price effectiveness and improve your bottom line.
Project bidding and winning is an art. Blindly bidding or bidding by guessing is a dangerous habit which would certainly have adverse consequences on the company. Evaluation of projects post receipt of the award or post completion of project would not help the organisation in preventing bottom line adverse impacts.
The correct time to evaluate any project is before you bid. The bidding decision is to be based on the proper evaluation report of the project. The project evaluation brings out all the key elements of the project especially from the point of profitability, operations /execution, management, cash flows, capital investment required and marketability. Different projects would have different elements to be evaluated and hence there is no “one size fits all” methodology for evaluation.
Most projects which have failed would have a common factor – non-existent or insufficient financial & business evaluation before committing to the project. Moreover, the evaluation of the project has to be done with respect to its effect on the business as a whole as well as on other projects undertaken or to be undertaken by the organisation and not on a standalone basis.
Specialist at Finance Optima have years of experience in evaluating the most complex project and bring you this expertise to help you successfully make correct evaluation of any project and make financially evolved business decisions.