Manufacturing companies could use Eff factor for ascertaining cost of manufactured items by including various machines used in manufacturing process, in the list of resources along with Human Resources, with cost rates.
Eff Factor could also be used for
- Administrative functions where statutory compliances may require proper work planning to meet the deadlines and also to control the cost.
- Tracking cost associated with marketing efforts by having separate project for a marketing efforts for a specific client. This in turn can be compared with revenue generated over a period as per whatever formula that may be relevant for your business.
- Tracking training cost of every individual (which will capture time that an individual spends on training as well as explicit cost paid for the training) for normal control over such costs. This can also be a used for revising the billing rates of such individuals.
(Please refer to Ideal Solution for other professionals/businesses also)