Categories
Linked

Putting a Final Nail in the Timekeeping Coffin

David C. Baker writes on his blog:

The only reason to track time is to create a feedback loop that allows you to do a better job estimating the next time around. And when you’re pretty good at that, you drop timekeeping altogether and step up to value pricing. By the way, this gets easier if your client relationships slowly begin to look more and more alike as your positioning creeps into your service offerings.

Putting a Final Nail in the Timekeeping Coffin — David C. Baker

Good insights here, particularly for folks straddling the (supposed) fence between hourly billing and fixed/ value-based fees. It’s not as simple as just throwing out hourly billing or time tracking. It’s more nuanced than that (particularly at first).

By Josh Richards

Josh is a consulting network/ systems/ cloud engineer, freelance high stakes IT project manager, and former technology executive. He has consulted on information technology matters for over twenty-five years. In 2006, consulting became his primary source of income (just before the global financial crisis!). He’s a big fan of craft beer, freshly roasted coffee, artistic burlesque, good food, and applying science and reason to problems and opportunities small and large (and just for fun). When he has time and energy he also likes to get out on his bike or attend a soccer match.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s