In this presentation we’re focusing on taking the element of chance out of profitable project delivery. We’re going to look at five ways of ensuring that you never miss details when it comes to billing and that your invoicing is always accurate and on time. We’ll look at monitoring budgets and building in an automated system of alerts that grab your attention if anything ever looks like it’s going off track.
Professional services companies can raise project standards by applying a number of principles of standardization. These principles are the same for any size of company, from the small and medium enterprise, up to the larger corporate. So, we’re looking at frameworks that can support better project performance which drives overall better business performance for every type of service delivery.
Whatever field you work in this webinar will give you some ideas on how professional service delivery can benefit from failsafe systems that support the efforts of your fee earners and drive more profitable outcomes for your company.
The first thing to say is that while on-time, on-budget delivery is always the goal for a professional services organisation, it can bring problems.
That might sound like a contradiction but it’s probably a situation you have encountered – what happens is: the project reaches completion, final billing is done and the job file closed. Then, some time after, costs that hadn’t been taken into account start to emerge. No matter how such late costs are handled they’re going to be a problem. You either have to absorb the costs into the job – eroding your profitability; or you have to advise your client that more costs are coming in – that means that you didn’t actually deliver on-budget. It also means you have a less-than-entirely-delighted client.
Today we’re looking at how hyper-efficient project management makes sure you avoid the problems of delayed costs by managing every detail of every project proactively.
Comprehensive planning and effective, proactive management is only really possible when project managers have constantly up-to-date visibility of every aspect of the project.