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Tag: joe knight

Project Management

Setpoint's Project Management Method Part 2

Traditional project management uses accounting that measures revenue earned by the percent complete based on costs. We believe this idea is flawed and Joe explains why.

by Karaa
July 15, 2010
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Tags: joe knight, Open Book Management, problem solving, Project Management
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Project Management

Setpoint's Project Management Method Part 1

The Setpoint way of project management is different from that of most companies. We are a project based company and the standard accounting method of tracking projects does not work for us.

by Karaa
June 30, 2010
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Tags: financial intelligence, joe knight, Open Book Management, problem solving, Project Management
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Finances Open Book Finances Project Management

Revenue Recognition in Managing Projects

At Setpoint, we measure percent complete by labor only. We evaluate how much labor was spent on a project every week and then we estimate labor required to complete the work and use labor only…

by JoeK
June 22, 2010
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Tags: joe knight, Open Book Finances, Project Management
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Finances Open Book Finances Open Book Management

Why does the huddle work at Setpoint Systems?

Setpoint Systems is an open book company. This means that our books are open to our employees. The weekly tracking process happens on a big white board where projects are measured for material costs and…

by JoeK
January 14, 2010
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Tags: business, business success, joe knight, Open Book Finances, Open Book Management, Project Management
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Finances

Why cash and profit are different

A business fails when the cash runs out not when the company had losses on the income statement. In a liquidity crunch if a company can generate its own cash it will survive.

by JoeK
September 24, 2009
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Tags: business success, cash, financial intelligence, income statement, joe knight, profit
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Setpoint Systems
Setpoint is a premier provider of custom automation solutions. We can help you assemble, test and inspect your products in a way that exactly meets your manufacturing needs. Setpoint can help you shift to a lean manufacturing model or integrate robotics into your system.
A Hitachi Group Company
Setpoint Systems, Inc.
859 W 1050 S
Ogden, UT 84401
866-532-6856
Contact us to get an automated solution designed to meet your specific needs.
JR Automation Established in 1980, JR Automation is a leading provider of intelligent automated manufacturing and technology solutions that solve customers’ key operational and productivity challenges.
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