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Financial Metrics that matter most to your Firm

Good news for Architecture & Engineering (A&E) firms large and small – financial performance remains stable across the industry as uncovered by the 39th Annual Deltek Clarity A&E Industry Study.  That being said, the environment is not without challenges.

Overall, firms reported an increase in operating profit, but they also saw an increase in overhead rates coupled with decreases in utilization, net labor multiplier, and net revenue per employee. All of this indicates a stable, but potentially challenging environment. Here are a few of the key highlights from this year’s study:

  • Average operating profit on net revenue was 13.2%, up just slightly from 13% last year
  • Utilization rates dropped slightly this year to 59.4% from 60.0%
  • The net labor multiplier saw a decrease to an average of 2.96, down quite significantly from a spike of 3.02 in 2018
  • Firms saw a change in direction for overhead rates for the first time in five years, increasing from 154% to 155%
  • The average collection period dropped by one day to 71 days

Download Full Report here

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Insight to Action: The Future of the Professional Services Industry Report

Download Insight to Action: The future of the professional services industry

The Professional Services industry has always been deeply rooted in ground-breaking expertise and innovation. But as our research shows, many firms are struggling to keep pace with evolving operational models, client pressures and new technologies which are disrupting the industry.

Download your copy of the report today to keep abreast of what the future holds for professional services organisations. Find out what your peers, whether they are the CEO in a global organisation or a CFO in a niche firm, have identified as key business and industry opportunities and threats. Use their insights to set your business up for success.

Download Report here

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Postmodern ERP: A Business Case Tutorial

Creating a solid business case and demonstrating ROI – the foundations for any successful ERP project

Creating a business case is time-consuming and contentious, yet foundational for successful ERP projects. Working with their business peers, CIOs should follow the process outlined here to document the business case in order to understand a given ERP project’s potential benefits.

To assist with preparing your organization with the challenges that lie ahead, we’re pleased to share with you a complimentary copy of an in-depth Gartner report on why creating a rock-solid business case and demonstrating ROI is critical for any successful ERP project. Please get in touch so we can discuss how Deltek can help you better understand the full potential benefits of an ERP solution for your business and how to achieve those.

Key Findings

  • Postmodern ERP projects are as much about business processes and organizational change management as they are about technology.
  • Postmodern ERP projects’ postimplementation value is hard to determine when no ROI is articulated and no baseline assessment is created before the project starts, as no before-and-after comparisons are possible.
  • Although business cases must be reviewed and updated regularly, most organizations never get them off the shelf once they’re approved.

Access Report here

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Consulting Firm CEO | Management eGuide

What if you could change the way you manage your firm? What if all just worked?

 

  • Always know exactly what’s going on when your team can provide updates on engagements from anywhere.
  • Find the right types of engagements to gain more profitability and efficiencies.
  • Identify clients that are draining resources and eating away at your bottom line.
  • See the profitability of all engagements so you know you are on track.

Read the full eGuide here:

 

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Five Signs you need to Reinvent your PMO

Project managers understand the complexities involved in ensuring that delivered projects are of the highest quality and project teams are working efficiently, as well as having accurate data to help manage that project. But all too often, lessons learned are lost when it comes time to start a new project, and project teams are forced to recreate the wheel with every proposal.

In this white paper, we explore five signs that it may be time to reinvent the program management office (PMO) at your organization and offer guidance that will help you put the right people, processes, and tools in place to ensure success.

Download this Whitepaper here

5 Ways for Consulting Firms to Use Technology

5 Ways for Consulting Firms to Use Technology to Attract and Retain Top Talent

Any winning strategy needs a solid foundation, and for talent management, the foundation you’ll build upon is technology. It will automate processes, create a better experience for your users, and improve the bottom line.

But you don’t just want any technology. If chosen wisely and implemented successfully, the right technology can be a game changer.

Download here the 5 ways consulting firms can leverage technology to attract and retain top talent.

Top 5 Reasons Your Firm Needs Project Information Management

Project Information Management. Access critical firm-wide and project information in one central location

Project Information Management provides project management and collaboration tools designed to help employees access critical project information so they can keep teams connected throughout the entire project lifecycle. And, it goes beyond the project. Project Information Management helps firms organize hundreds of files across all aspects of their business in one central location, giving companies the organization, visibility and intelligence to run their businesses smarter.

Learn how Project Information Management can save time and money. Download the Brief below

Project Information Management

Project Information Management. Access critical firm-wide and project information in one central location

Project Information Management provides project management and collaboration tools designed to help employees access critical project information so they can keep teams connected throughout the entire project lifecycle. And, it goes beyond the project. Project Information Management helps firms organize hundreds of files across all aspects of their business in one central location, giving companies the organization, visibility and intelligence to run their businesses smarter.

Download the Project Information Management Brief to learn more

What Your Project Schedule Isn’t Telling You

The project schedule is one of the most critical factors in project success. It can also be the source of scheduling pitfalls that can negatively impact project execution. But, how do you know if your project is keeping secrets?

The key is project visibility. In this free white paper, What Your Schedule Isn’t Telling You, review the four critical items your project needs to eliminate project surprises and dramatically improve efficiencies.

Highlights include:

  • Creating a sound project architecture as the backbone of your project schedule
  • Using key metrics to ensure schedule quality
  • Implementing successful risk analysis

Download this Whitepaper here

10 Things Every A&E Project Manager Should do

Qualities of an Effective Project Manager

Effective Project Management is at the core of great project-based firms. Here are 10 things every project manager should be doing to be highly effective.

Download this Whitepaper below