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A study by McKinsey indicates that most industries are either facing or are expected to face different levels of perceived instability of the business environment. Different types of Professional Services are also expected to face the wrath of the future instability triggered by factors including technology, global competition, regulations, compliance, information security, and others. While … Read more

The automotive industry is set for a transformation as millions of electric vehicles hit the roads in the next decade. Additionally, automobiles are embracing software technologies with open arms. The implications of these shifts for automotive OEMs are expected to be phenomenal. The marketplace is ripe for enterprises that are ready to seize the opportunities … Read more

On projects and programs, all roads must lead to profits and cashflow! Living in a highly competitive world, delivering strategic programs and projects is futile unless backed by financial alignment, cost discipline, and superior profitability. The pressures of managing costs and expenses are here to stay. Business leaders have little influence on revenue; they could, … Read more

Timesheet Management Software – The key to accurate project resource and cost management! One of the key components of cost management is the way companies manage human resources. Three important dimensions of resource cost management are: Without a robust Timesheet Management System, business leaders would find it extremely tedious and complex to manage resource cost … Read more

As a project manager or a business leader, how could I improve project performance? The above question seems to be the proverbial Achilles’ heel for project managers and business leaders alike – and more so during the project and personal performance evaluation! While PSA Software could be a great enabler to project teams, it is … Read more

Resources – the driver of value and cost! Organizations are undertaking programs and projects at an unprecedented rate to ensure execution meets strategy. The focus on program and project management has put tremendous pressure to plan and manage a company’s most important asset – resources! The complexity of resource planning and management increases when resources … Read more

Professional services enterprises are leveraging the top-of-the-line automation suites, to drive greater efficiency, productivity, and collaboration. Engineering, law, healthcare, design, and consulting firms are understanding the core benefits offered by automation professional services software solutions, as they are a critical part of an overall digital transformation journey. To unlock the underlying advantages that a PSA software … Read more

Despite periods of slower growth due to various macro-economic factors, the global economy has grown (at constant prices) from USD 11.4 trillion in 1960 to about USD 86 trillion. With the shifts in technology, lifestyle, and urbanization, this growth is expected to continue. The growth of global business brings customers and manufacturers / service providers … Read more

Growth is the lifeblood of a professional services enterprise. As senior executives, revenue growth for professional services is an essential determinator of your success. Studies indicate that the revenue growth strategy that decision-makers at professional services pursue could drive 30% higher returns compared to their peers. Growth could be organic or inorganic. Organic growth relies … Read more

Project Management Let us face it. Irrespective of the nature of the project and its objectives, cost control in project management is – and would continue to be an important measure of project success. Unfortunately, many project managers and team members are still not comfortable managing this dimension of project management – they are contented … Read more