How Matter of Space Reduced Budget Overruns by ₹8-10 Lakh Using Project Studio.ai

1. Studio Background

Matter of Space is a premier interior design studio specializing in high-end residential and commercial projects. Managing over 30 luxury projects annually, the studio caters to clients who expect flawless design execution within stringent timelines and budgets. Despite their expertise, Matter of Space faced challenges in managing vendors and tracking budgets, leading to cost overruns and delays.

2. Budget Overruns

The studio encountered budget overruns due to:

• Material Leakages: Mismanagement of material inventory led to excess materials reaching the site, resulting in unnecessary additional expenses.
• Poor Site Visibility: Lack of task and activity tracking resulted in inefficient resource allocation, increased manpower costs, and delays.
• Penalties: Delays in project completion led to penalties imposed by clients, further escalating costs.

3. Solution Implemented: Project Studio.ai

To address these challenges, Matter of Space implemented Project Studio.ai, an all-in-one solution designed for interior design businesses. Key features utilized include:

• Inventory Management: Enhanced tracking of materials and orders ensured proper allocation to sites, reducing material leakages.
• Task and Activity Management: Assigning tasks with due dates ensured timely completion and improved workflow efficiency.
• Attendance and Manpower Tracking: Monitoring attendance and managing manpower optimized resource allocation and productivity.
• Client Progress Tracking: Real-time updates to clients prevented delays and enhanced communication.

4. Financial Impact

Implementing Project Studio.ai led to significant financial improvements:

• Material Leakages: Reduced overruns by 5-7% per project, saving approximately ₹5 lakh - ₹7 lakh annually.
• Poor Site Visibility: Improved tracking led to savings of about 1%, equating to ₹1 lakh annually.
• Penalties: Timely project completions eliminated penalties of approximate 0.5%, contributing to overall savings of 50K

5. Dashboard Overview

6. Testimonials

Feedback from Matter of Space team members:

• Principal Architect: "Project Studio.ai has streamlined our project management. Scheduling and client communication are now effortless, allowing us to oversee multiple projects with ease."
• Project Manager: "The real-time visibility and progress tracking in Project Studio.ai are fantastic. It simplifies managing multiple sites and collaborating with vendors."

7. Call to Action

Transform your interior design business like Matter of Space. Experience streamlined project management, improved budget tracking, and enhanced client communication with Project Studio.ai. Visit Project Studio.ai to get started today!