Projects rarely go according to plan and it is not unusual for projects to overrun. However, when projects are delayed, it leads to a lot of resources and money being wasted. For any business, that is not good business. The worst case scenario could be a breakdown and eventual failure of the project. Hence, we...
If you run a professional services business, chances are that you are constantly bidding for projects and your pricing model is very fluid. In a bid for a constant stream of business, new entrepreneurs tend to operate on a “get what you can” basis by varying their pricing. While this may be a good strategy...
If you work in the professional services industry, you will agree that filling in timesheets, is hands down, the most exasperating activity of the day. Yet, if you are running the show, you know that there is just no way around it. For every business to be effective and profitable in the long run, managing...
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It’s said that time is money and who better than the consultants in the professional services industry to vouch for this. One of the biggest challenges for companies that bill by the hour is tracking actual hourly costs of individual employees and estimating project costs. The companies are currently relying on excel modeling to do...
