Time and project structure
Test late or incomplete time, weak project coding, and whether managers can reconcile expected, recorded, submitted, approved, and corrected hours.
The Consulting Project Profit Leak Audit exposes twelve time, rate, utilization, scope, fee-burn, and reconciliation problems that can quietly erode delivery margin while an engagement still appears healthy.
Each test connects a warning signal to the way margin can disappear, the operating control to install, and the evidence a manager should expect to retrieve.
Test late or incomplete time, weak project coding, and whether managers can reconcile expected, recorded, submitted, approved, and corrected hours.
Separate bill rate, loaded labor cost, realized rate, direct delivery cost, fixed-fee burn, and retainer overservicing instead of blending them into one margin claim.
Find budget reviews that happen too late, unpriced scope expansion, unowned internal work, and write-downs that never improve the next estimate.
Check whether timesheets, project budgets, billing treatment, and QuickBooks or another financial system connect through documented mappings and period tie-outs.
Run the audit against one active project using evidence from one cut-off date. The result is an operating priority list, not a vague maturity score.
Use a fixed-fee, retainer, or hourly engagement whose margin or realization is uncertain.
Score each as controlled, inconsistent, or unmanaged instead of relying on intention.
Prioritize the gaps closest to active revenue, client commitments, and delivery capacity.
Track the owner, due date, and evidence that will close each project risk.
The score does not estimate dollars lost or declare a project profitable. It identifies gaps that prevent the firm from seeing, explaining, or controlling project economics early enough.
The 13-page audit includes twelve profit-leak tests, a 0-24 scoring method, interpretation bands, a 25-minute weekly project-review agenda, a 30-day control plan, and a printable one-page scorecard.
No. The score identifies visibility and control gaps that deserve investigation. It is not an accounting calculation, company valuation, audit opinion, or substitute for project-specific financial analysis.
Choose a financially meaningful active engagement: a fixed-fee project nearing its hour budget, a retainer with heavy demand, or an hourly project whose realized rate or delivery cost is unclear.
Only if you select the separate marketing-consent checkbox. The PDF is available immediately without opting into promotional email.
Timecard Lab connects expected hours, project coding, approvals, rates, budgets, commercial models, and reconciliation so consulting leaders can act before month end.