ORION TECH

Project Financial Oversight
& Management

LEARN MORE
GET IN TOUCH

ORION TECH

Project Financial Oversight & Management

LEARN MORE
GET IN TOUCH
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// Introducing

ORION TECH

Orion Tech is an independent boutique project management firm focused on financial oversight and management. Located in Hong Kong, the company's scope is international. We were founded in 2019 and specialize in managing and monitoring all financial aspects of projects covering all phases from planning to handover.

A properly managed budget can mean the difference between a successful and profitable project to one that misses its goals and is beset with budget and timeframe overruns. That's where we and our team of experts come in.

At Orion Tech we manage project finances with a strong emphasis on detailed budgetary planning, tracking and oversight. Our primary priority is to utilize highly professional methodology and financial metrics tracking to ensure maximal ROIs with minimal, or ideally zero cost or time overruns.

// TEAM

Our team includes financial managers, financial strategists and planners, project managers, tax and legal advisors and administrators.

We work with an expert team of professionals and a network of associates who together provide our clients with the benefit of decades of experience working in key positions in industry-leading companies.

Read About Our Services
// SERVICES

PROJECT FINANCIAL MANAGEMENT

At Orion Tech we offer a comprehensive Project Financial Management service, including all financial aspects of projects such as cost, revenue and profit issues.

Our activity covers all stages and phases of the project including planning, cost estimating, budgeting, all funding aspects, running expenses, billing, monitoring and auditing.

The most important factor by far in any project from a financial point of view is effective project budgeting. Correct budget management ensures that the project proceeds smoothly within a predetermined budget for the duration of its lifespan. In turn this ensures a well-organized and managed project, and gives investors a realistic projection of expected returns.

ADVANTAGES

The advantages of project financial management are many, proper budgetary management helps to balance a number of factors such as investments and projected returns, the impact of the project at hand on other projects, as well as the impact on the organization as a whole.

The main advantages of effective budgetary control and management include:

Keeping the project on track

Properly managed financial management keeps projects on track within a planned and predetermined financial and budgetary roadmap.

Efficient Resource Management

A well organized and managed budget enables a more focused and efficient allocation of resources, leading to a more streamlined operation.

Project Prioritization

Well-managed budgets enable businesses to prioritize projects with a high ROI potential, thus maximizing the positive impact on the business.

Project Scope & Cost Overrun Avoidance

Efficiently managed project finances ensure that all parties adhere to the planned project scope and budgetary constraints, this enables businesses to avoid damaging cost overruns and to increase profitability.

FINANCIAL PROJECT MANAGEMENT PROCESS


Tracking Metrics

One of the key essentials to effective financial project management is crucial financial metrics tracking, these metrics include:

Actual cost; real (not estimated) project expenditure to date.

Earned value of the project; this is a measurement of the value accrued as a result of the money thus far spent.

Project Cost Variance this is a measurement of the difference between the project's planned budget and the actual costs within a set timescale.

Project Cost Performance enables accurate budgetary estimations. This is achieved by dividing the earned value by the project's actual cost.

Scheduled Variance compares the budgeted and scheduled work and ascertains whether the project is behind, on, or running ahead of, the planned budget.

Gross Profit is the total revenue earned from the projects after subtracting its costs.

ROI measures the profit earned from the amount invested into the project. ROI delineates the cost savings and profit gained from costs, this can be training, overheads, as well as resources spent.

Focusing on the ROI

It's essential to constantly and consistently focus on the project's profitability, and to maximize this by avoiding cost overruns and to keep to the projected timetable.

Expense Monitoring & Documentation

Documenting expenses is critical, this ensures that businesses and organizations maximize the benefits of financial management.

Prepare a Protocol for Change

Like it or not unforeseen circumstances sometimes make changes in a project's scope necessary. It's essential that there are protocols in place that enable the flexibility to change and make effective and accurate budget revisions.

Get In Touch

Find out how the team at Orion Tech can help your organization manage its next project with maximal financial efficiency. Send us a message with your query through the contact form below.

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