Maximize Your Professional Services Firm’s Profits by Optimizing Project Management

As project-driven organizations, in order to maximize profits, professional services firms must effectively manage the entire project lifecycle from estimating, to billing, and to the project's closeout. Poor project management at any point in the process can erode a project’s profitability. Fortunately, there are many opportunities where solid project planning and project control processes can help maximize project profitability. These opportunities come and go, but with the right strategy and technology your firm can begin to capitalize on these chances.

Creating accurate estimates and budgets.

The first opportunity to maximize profits and improve a project’s performance is before the project even starts. A professional services automation (PSA) system that is integrated with your CRM software enables you to start the creation of an accurate project plan. and estimate early in the sales or business development phase.

Optimizing resources.

Another area that can impact project performance is resourcing.  Perhaps you have been over/under-resourcing your project in relation to your budget. Professional services automation tools that have built-in resource scheduling and utilization management tools can help you better control project schedules and deliverables.

Ensuring on-time, on-budget delivery.

Firms can take a big hit when they don’t get work done on time. Your project managers need complete, real-time visibility into project progress and utilization to ensure on-time and on-budget delivery.

These are just a few areas that can be addressed with project and resource management software. This also help facilitate collaboration across project teams, simplify the capture and approval of project time and expenses, and provide visibility into burn rates and project profitability.

Learn How to Increase Profits Without Increasing Overhead

We are here to assist professional services firms perform better in all phases of their operations. To accomplish this, we developed a series of webinars that discuss strategies firms can employ to drive better results across the board.

Watch our webinar on how to Deliver Profitable Projects, part of our webinar series focused on helping professional services firms drive better results by leveraging the power of Microsoft technology throughout the project lifecycle. I will be joined by Patrick Connally, National Industry Director – U.S. Professional Services at Microsoft. Follow along as we address strategies your firm can take to maximize project profitability.

In just 30 minutes, you’ll learn how to:

• Develop more accurate project estimates that start projects off right
• Plan and manage resources to drive on-time delivery and reduce write-offs
• Enable your project managers to own project and budget controls
• Drive better utilization and project margins by leveraging real-time insights

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