For software developers and publishers, the increased complexity of software projects, time constraints, and lack of resources often lead to frustration for developers on the job. Developers need clear instructions to be able to do their job effectively, and if they’re left in the dark, it can lead to chaos and confusion. This can cause…
Engineers will continue to face challenges in 2024 including rising material costs, inflation, supply chain volatility, and skilled-labor shortages, while still needing to respond quickly to customer demands. Speed and quality are the two top priorities that customers expect from their engineering and construction partners. To meet these demands, engineering firms must invest in Industry…
Since the role of an architect is inherently creative, it is hard to put a price on every dash. However, to keep utilization and billable hours high, architects need to understand how much what they’re designing will cost so that they’re not setting client expectations too high or having to fix blueprints later. Homegrown or…
For project-driven organizations, every hour lost from designing or planning projects impacts the bottom line. Even so, many project-driven organizations still operate with a bevy of spreadsheets in a siloed environment. Homegrown or legacy solutions do not allow these organizations to consolidate and analyze data, stay on top of change orders, or collaborate effectively. Many…
Project-based organizations that are still utilizing legacy systems today have a host of potential system failure, compliance, and integration concerns. There are a number of reasons why organizations hold off on a digital transformation. One of the biggest is a fear that a “big bang” implementation will disrupt business. Although it might appear as though…
Enterprise Resource Planning, or ERP, is the management of all the information and resources involved in a company’s operations by means of an integrated computer system. It was first defined by Gartner in 1990 to represent a system to manage traditional distribution and discrete manufacturing organizations with repetitive processes. It first encompassed manufacturing resource planning,…
Cost of Maintaining Legacy Systems Many project-driven organizations still maintain legacy software solutions for a variety of reasons, but they are very costly to maintain and support. Many believe that maintaining legacy systems is more expensive than modernizing them. According to the United States Government Accountability Office, ten of the government’s legacy systems cost approximately…
When it comes to Enterprise Resource Planning (ERP), one size does not fit all, especially for project-driven companies. Project-driven work has clear goals, milestones and deliverables and a defined start and end date. Projects may take hours, months or longer — the duration varies with every project and business need. But the work is aligned…
In today’s data-centric digital landscape, intelligence is central to any business strategy, especially as we look towards 2024. According to PWC, talent, technology and data will set winning professional services firms apart from the competition. Technology combined with data is a matter of life and death for professional services firms where the “product” is a…
Project accounting is an overly broad term. Its most general definition is processing financial transactions by project including costs, billings, and revenue. In reality, project accounting can be much more than that. What constitutes project accounting in a company is based on several factors including company type, the number of projects and company size. Companies…
