The Value-of-Work-Done is a great way to look at the financial productivity of your team. It is a simple calculation of time-worked multiplied by rate-per-hour that can be billed, but it is a very important in time based billing businesses.
The value of work done is different from what has been invoiced (billed to clients) but is a valuable concept that allows you to know if your team is being profitably productive on a daily basis.
Value-of-Work-Done is a measure of productivity in financial terms.
Because all business bill differently for different work, with some billing up front, others billing on completion and some in between, knowing the Value-of-Work-Done daily, weekly, fortnightly by your team is a valuable key performance indicator and management tool.
How would it feel for you, if you and your organisation day in day out were in perfect flow? In the zone! You know those days, when everything you touch works, progress is made, projects closed off, problems resolved swiftly and elegantly; and you go home with a smile on your face and a skip in your step.
On those days you were in flow. It did not matter what was thrown at you. It did not matter what conditions occurred during the day, you were just in flow!
As opposed to others day when you cannot get close to it, you fumble, you stop, you start, and you ran out of energy.
We are most at peace, most efficient, most productive, when we are in that state of flow. However many of us just do not know how to get into flow at will. BUT! It is teachable and it is learnable.
There are 7 critical factors to getting into YOUR productive flow. Open this blog post to find out more!
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