Enginuity - Lessons Learned

Mario Gabriel 6 posts since Sep 2, 2015

Enginuity - Lessons Learned Feb 2, 2016 1:43 AM
Hi guys, I've read the slides and submitted a fair few trials so I have a rough idea on what works and what
doesn't. I'll go through by decision types.

Financial decisions:
- The higher the dividends the happier shareholders will be which will push the shareprice up and
fundamentally the KPI, however, a high shareprice to start off with is not sustainable as both shareholders and
managers will be expecting higher dividends/pay throughout simulator.
- Have a look at what type of benefits your investments receive, some investments reduce job costs, you can
utilise these benefits if you invest in something that lines up with what your company specializes in.

Overhead decisions:
- You need to keep increasing staff to allow the company to grow. The more staff you have in the marketing
department; the closer their estimates will be on market trend which can benefit you if you get your strategy
right. BUT! You don't want to be over resourced as you don't reap the benefits once you go over a certain level
of staff and you just end up overpaying. NOTE: You can see the % of required staff under 'Assessing overhead
Performance/Company Performance Summary'.

Procurement decisions:
- When bidding, try and have enough capital left over to get the next job, even if you go over by $1 you won't
get the job. So,( Forward Workload) - (Initial Forward Workload) = Workload left over
- Once you've set your bids, if you have any capital leftover and you need money for something else you can
work backwards to reduce your capital base but still have enough to have a chance of winning your bids.
- When choosing a design consultant, read all of their profiles and try and pick the most suitable by lining
up their experience with the sector you are applying for, this will save costs which go straight into your cash
account.

Job Progression decisions:

- Selecting a suitable manager has a big impact on costs, morale, and job progression so make sure you scan
the managers for experience and job location preference and allocate accordingly.
- When assigning workers, try to use your own labour as relying on subcontractors decreases morale and can
delay projects but sometimes (if you are not bidding for large projects), it isn't worth hiring more of your own as
these come with a larger short term cost.

Hope that helps!