Grace PM Excellence Academy Course Feedback Survey

Module 3: Project Finance Part 2

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* 1. What's one takeaway from this week's content that stuck with you, or resonates with you?

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* 2. Your project finishes a $90,000 Schematic Design phase on March 5. Grace's pre-bill review isn't due until March 25, and the invoice won't go out until April 7.

What recommendation would you have for the PIC to expedite the Fee to Cash process for this project?

Close the phase in BST, prepare for pre-bill review, and then get the invoice turned around as fast as possible in April.

Close the phase in BST and request that the invoice be processed out of sequence to get it out +/- 25 days early.

Nothing unusual. Stay the course on the project.

Meet to review performance on the phase.

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* 3. Mid-project, the client asks for an extra rendering package for a promotional brochure — clearly outside the SOW. The PM, buried in deadlines, tells the team “go ahead, we'll sort it out later.” Three weeks and roughly $18,000 of effort later, nobody has priced it or logged it in the change log.

What's actually happening to that money, and which move fixes it?

It's aging as WIP — the fix is to bill it on the next cycle.

It's aging as a receivable — the fix is to follow up with the client for payment.

It never entered the pipe at all — the fix is to price it as additional services and log it in the change log.

It's backlog — there's nothing to do until the renderings are finished.

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* 4. Pulling this month's BST numbers: 9 unbilled days and 52 receivable days — both look reasonable. But one invoice from January, now 95 days old, hasn't come up in any conversation with your PIC or principal.

What do the numbers actually tell you, and what should happen with that January invoice?

Re-bill the January invoice from scratch to reset the clock.

Billing is on the rhythm and receivables overall are reasonable — but a 95-day invoice has crossed into leadership-and-contract-remedies territory and needs to be raised now, not sat on.

The Speed Zone is the real problem — tighten the pre-bill rhythm.

Both metrics are healthy, so the January invoice is fine to keep monitoring quietly on your own.

Grace PM Excellence Academy Course Feedback Survey

Question Title

* 1. What's one takeaway from this week's content that stuck with you, or resonates with you?

Question Title

* 2. Your project finishes a $90,000 Schematic Design phase on March 5. Grace's pre-bill review isn't due until March 25, and the invoice won't go out until April 7. What recommendation would you have for the PIC to expedite the Fee to Cash process for this project?

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* 5. What, from this week, would you like to discuss in this week's live session?

* 2. Your project finishes a $90,000 Schematic Design phase on March 5. Grace's pre-bill review isn't due until March 25, and the invoice won't go out until April 7.

What recommendation would you have for the PIC to expedite the Fee to Cash process for this project?