Project Budget Overruns
Definition
In photo shoot execution, inaccurate scoping of shoot duration and asset capture time results in excess labour hours, directly increasing costs.
Key Findings
- Financial Impact: 18% overrun rate on estimated hours/costs per project[3]
- Frequency: Per project
- Root Cause: Manual estimation without standardised templates or real-time tracking
Why This Matters
The Pitch: Photography firms in Australia 🇦🇺 lose 18% on project overruns. Automation of scoping and time tracking eliminates this risk.
Affected Stakeholders
Photographers, Studio Managers
Deep Analysis (Premium)
Financial Impact
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Current Workarounds
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Methodology & Sources
Data collected via OSINT from regulatory filings, industry audits, and verified case studies.
Evidence Sources:
Related Business Risks
Pricing Pressure and Low Margins
Extended Accounts Receivable Days
STP Phase 2 Payroll Reporting Fines
Low Billable Utilisation
Umsatzverluste durch manuelle Angebots- und Buchungsabwicklung
Verzögerter Zahlungseingang durch manuelle Buchungs- und Rechnungsprozesse
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