Construction Project Manager Accountability Scorecard Excel Template

Hey! We hosted a few virtual workshops with Construction Financial Management Association Members (CFMA) to crowdsource KPIs/metrics related to project manager accountability

Since most of the industry is stuck looking in the past, we—along with this motivated group of ~40 construction finance and accounting pros—came up with some forward-looking KPIs to help us be better strategic partners to the business. Collectively, we brainstormed metrics such as:

• The "Slacker" Fee, based on a project's cash position
• Hand-Shake Risk, calculating days of exposure on change orders
• Pay-Window Mismatch, forcing PMs to negotiate better terms with subs
• Labor Efficiency, which spots estimate sandbagging or jobs bleeding hours
• The Do-Over Rate, tracking owner rejected invoices

For our part, since we're a construction data analytics company doing cool automated visualizations and reporting, these KPIs will inform how we build a lot of our automated dashboards dealing with financial projections. In Excel format (click the button under the video to download), hopefully these templates will inspire you to have more productive and consistent meetings with your construction project managers. Cheers!