Consultancy Services - Has Efficient Project Management Become a Major Project In Its Own Right?
When meeting with consultancy service companies, they often reveal a common dilemma - how to allocate resources and skillsets more effectively and increase client billing rates, thereby generating greater profit margins. The inability of these companies to effectively track and increase billing hours negatively impacts profitability, and inefficient management of projects creates a drain on internal resources and overhead.
As competitive pressures increase project complexities, maximising profitability becomes equally as complex. Poorly managed resources can hurt customer relationships, margins, and future revenues. Consultancy services companies have to work smarter and consequently utilise smarter business systems.
So, what's the solution?