In the world of professional services, resource planning is crucial for the success of any project. Without proper planning, projects can quickly become disorganized, inefficient, and unprofitable. Yet, many firms still rely on outdated methods like spreadsheets for resource planning, which can lead to costly mistakes and inefficiencies. Moving on from spreadsheets and adopting modern…
Project management is a business. As in any business, to survive, there is a constant need to add new goods and services to reach a larger number of customers, to drive sales. There are project management courses and schools. Degrees can be earned in project management at many universities and through various project management groups.…
Client Overview Founded in 1995, Global Strategy Group (GSG) began as a Democratic polling firm operating predominantly in the New York market. Over two and a half decades, the firm has evolved into a full-service research, public affairs, and communications agency, working with top Fortune 100 companies at the center of some of the nation’s…
Professional services firms are vulnerable targets for cyber criminals for a few key reasons. For starters, this is an industry that deals in valuable information. Knowledge workers typically rely on some combination of client data, original research, and proprietary IP to deliver insights and solutions that drive specific outcomes. In other words, firms are sitting…
Professional services firms face increasing pressure to deliver more innovation ASAP and adapt to the accelerating pace of change. You know, the usual challenges that define this complex digital era. A key part of tackling these challenges and building the flexible, resilient firm of the future is embracing a composable architecture. According to Gartner, composability…
Professional Services Firms need to evolve ASAP — both to help their clients respond to disruptive forces and remain competitive amid rapidly changing conditions themselves. Most business leaders know that something needs to change, yet struggle to define what needs to happen, much less how to put plans into action. Below, we’ll look at some…
Professional services firms offer customized, knowledge-based services to clients. And rather than selling physical inventory, they sell time, expertise, and unique perspectives by the hour or by the project. Your most valuable assets are your experts — and the specialized skills and deep insights they bring to the table. They literally are the product. Resource…
Professional services firms should always be watching their profit margins. This metric answers important questions about the health of your firm such as, whether projects are priced correctly, whether your business is growing at a sustainable rate, or whether you’re making money on each project. In this article, we’ll look at some of the ways…
Revenue forecasting is a process used to predict future revenue for the purpose of making strategic business decisions. It plays a key role in helping firms secure long-term profitability, increase market share, and keep competitors at bay. Among professional services pros, revenue forecasting has long been considered more “art” than “science.” Though, with recent advances…
For professional services firms, inaccurate time-tracking processes cause serious damage to the bottom line and the business in general. See, when professionals fail to log billable hours accurately or turn their reports in on-time, it impacts the entire organization. It’s impossible to stay on top of capacity planning and resource management. Forecasts and decisions are…
