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A Cash Register for the Service Enterprise

David Gumpert Profile Picture David Gumpert 1,290

Professional services is the cash register for the service enterprise.  But turning a services business into a profit center requires careful orchestration.  Outside of the human element of having great people running your projects, a services business needs a strong project financial framework in place.  The framework assists with management of the day-to-day operations, from enforcing delivery excellence to project reporting and cost estimation.  Project financial controls mitigate the risk of cost overruns, with pre-defined thresholds to protect the budget and the margin.  A strong framework and great people can transform a services organization into a reliable source of positive cash flow.

Enforcing delivery excellence

A profitable practice i...

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