Gateway 4 – Project Velocity
How quickly do I want the project to proceed?
We progress restoration projects in a series of iterations, called Sprints, to break down big, complex projects into bite-sized pieces. Our Sprints are two-week periods (fortnights) aimed at completing a set amount of work.
From the beginning, we seek advice from our clients as to what their desired spend-rate / cashflow is. This we call the project velocity. We have various standard velocity tiers that we can offer clients representing different average velocities.
To pace the project’s progress at the client’s desired velocity, we also need to regulate the number of technicians working on the client's vehicle each Sprint and whether work is progressed in every Sprint, or some Sprints are leap-frogged.
We offer nine standard Velocity Tiers to clients, each representing a nominal spend-rate on labour, materials, and GST every four weeks of:
- Velocity Tier 1 (VT1): $48,000.
- Velocity Tier 2 (VT2): $40,000.
- Velocity Tier 3 (VT3): $32,000.
- Velocity Tier 4 (VT4): $24,000.
- Velocity Tier 5 (VT5): $20,000.
- Velocity Tier 6 (VT6): $16,000.
- Velocity Tier 7 (VT7): $12,000.
- Velocity Tier 8 (VT8): $8,000.
- Velocity Tier 9 (VT9): $4,000.
To pace the project’s progress at the client’s desired average-spend-rate, we also need to regulate whether work is progressed in every Sprint, or some Sprints are skipped. This is what we call the Drumbeat.
A faster/larger project with a 1:1 Drumbeat would be anticipated to have a Sprint executed in every fortnight. A project with a 1:2 Drumbeat would be anticipated to have a Sprint executed in every second fortnight. A 1:4 Drumbeat corresponds to every fourth fortnight, and so on.
For the lower tiers, such as Velocity Tier 9 (VT9), it is often more efficient to progress work in to two contiguous weeks of effort and so the VT9 velocity of $4,000 per four-weeks would be treated as an $8,000 spend every eight weeks (the same velocity). Thus, it represents a 1:4 Drumbeat.