This document outlines steps to achieve per-project profitability through accurate project cost tracking and data analysis. It recommends: 1) Evaluating past project data to improve estimates; 2) Tracking hours and expenses per project for early problem detection; 3) Adding labor rates for a full cost view; 4) Allocating indirect costs fairly across projects; and 5) Calculating per-project profitability to focus on profitable work. Accurate cost data allows problems to be found and addressed early, improving project outcomes and overall profitability.