Welcome to FoCo India's Project Monitoring
and Control Services
We work in conjunction with the management of the brand / company to ensure all operational strategies and processes are executed as best possible in order to optimize the performance.
The objective of Project monitoring and control is to free franchisee from day to day monitoring of progress and raise alarm at the right time after reviews are done.
The Project Monitoring and Control can be broken into specific periodic and on- going activities that serve to instill operational discipline in the management and ultimately lead to enhanced performance. Our PM&C system provide day to day monitoring of progress using technical tools and report same to franchisee owner and Breakup of Activities dissected in weekly, monthly and yearly basis beyond daily monitoring through reports:
Weekly:
• Forecast review, based on current sales reports
• Measure performance against budget and forecast
• Measure targets against competition and ensure the franchise achieves its fair share
• Meeting / e-meeting with the project head / general manager once a fortnight formally to discuss the observations and reaching a solution
• Receiving and making comments when necessary on daily reports
• Representing Project management in weekly revenue meetings
• Reviewing expenses with operations team
Monthly:
• Review operations from a revenue and expense perspective
• Regular face-to-face interaction with owner, general manager and management team.
• Benchmark with competitive set PR, Marketing, Web Presence (SEO and Social Media)
• Review customer satisfaction and staff satisfaction
• Manage ROI perspective
• Presenting the monthly review reports to ownership
• Sharing the forecast for next month with ownership in coordination with company management
• Reviewing P&L with operations team
Yearly:
• Budget planning & Reviews
• Revenue Management, Sales & Marketing plans
• Operational Management, Business Improvement Plans
• Look at capital plans (CAPEX, OPEX), investment costs and returns post analysis
• Vendor contracts & re-negotiation
Our PM&C team will designate a representative as the contact person with respect to Project Management Services who shall be primarily responsible for overseeing and ensuring that PM&C India obligations under this Agreement are fulfilled.