Removing the Roadblocks to Project Accounting Success for R&D
If you have 100 people in an R&D group and you’re not tracking time, then you’re wasting the lives and work of a significant percentage of your employees.
In a knowledge-based economy, new practices must be implemented to understand the costs of research and development activities. With advanced project accounting methods, organizations can gain greater insight into their costs and profitability for developing new products.
This whitepaper will show you how to overcome the most common roadblocks when it comes to accurately measuring your R&D costs, including:
- Determining the most important KPIs to track and measure
- Overcoming employee resistance to tracking time and expenses
- What tools you need to collect the right data
