Fractional COO Services
Fractional Chief Operating Officer (COO) Services
Construction companies need strong operational leadership at the top of the organization to ensure that the project cycle is managed from start to finish and to guide their overall operating strategy. Efficient business administration, successful completion of projects, and managing growth are only a few of the tasks that construction companies need to master to successfully operate their businesses and meet the needs of their customers.
A COO will generally be responsible for three areas of a company’s success:
Daily Operations
A COO will oversee many of the daily responsibilities of running a company and seeing that the company is managed well and that all key performance indicators (KPIs) are being met. They will oversee Project Managers, Estimators, and Sales teams to ensure that all areas of the business are operating at the highest level of profitability and efficiency.
Project Execution
A COO has overall responsibility for the construction project cycle: estimating, bidding, scheduling, budgeting, forecasting, and closing out. They implement industry best practices so that every project is delivered within the contracted scope and is completed as part of a predictable and stable process that can be replicated across the company.
Business Strategy
A COO has the experience to build and implement an operational strategy that will move the company forward. He or she will provide the leadership, management, and foresight required to secure proper levels of operational and human resources that will effectively grow the company; and if not, will act to put those measures and resources in place.
Read More: Fractional Chief Financial Officer Services
Do You Need A COO?
A talented COO can make all the difference to the long-term success of your construction business. A fractional COO can do the same thing, while giving your company the opportunity to leverage the expertise of an executive-level individual without incurring the costs or overhead associated with a full-time employee.
Your company may require a fractional COO for any of the following reasons:
- To oversee daily responsibilities of an active project that is outside of your company’s current capacity or a specialized project that requires an additional level of operational expertise.
- To review all current operational processes and controls for deficiencies and align them with corporate goals and objectives.
- To evaluate current operational team members who may need additional structure and training to fully maximize the objectives of the organization
- To collaborate with management or ownership on 5- or 10-year corporate growth plans; to assess existing growth strategies that have stalled or have lacked implementation measures.
Read More: Fractional Chief Marketing Officer Services
A fractional Chief Operational Officer provides operational, administrative, and strategic expertise to your construction company on a part-time, subscription, or short-term contract basis. Ascent Consulting is here to provide fractional COO services when your company is ready for additional operational expertise but isn’t yet ready for a full-time COO.
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