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[Scorecard] Four Key Learnings from 2020 for AEC Firms

How Does Your Firm Stack Up?

AEC firms have most definitely had to either pivot or fold during a challenging 2020. From remote working, lack of travel, and client’s scaling down many firms have truly seen and experienced it all, and through the chaos, have persevered.

There are four main key learnings that have surfaced from the COVID pandemic, and there surely will be many more to come as we continue to navigate through the changed business landscape.

Here’s four key learnings that hold true for AEC firms:

1. Keep Up On Industry Trends
It is vital to keep a pulse on the industry within which your firm operates. Follow reliable external sources of information and be agile enough to adapt your KPIs based on performer benchmarks that you are following.

2. Work Smarter
Save time where possible. Identify areas in your organisation that are keeping your employees from working optimally, and ensure these are addressed.

3. Maintain a Team Culture
It is vital to maintain your culture, even when interacting with employees virtually. It protects your organisation’s identity, and helps to motivate employees.

4. Connect Your Remote Employees
Consider cloud solutions that create a safe and secure working environment for remote employees.

Compare your firm to others in the industry globally by downloading your A&E Industry Report Scorecard below:

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Infographic: Increase Agency Efficiency, Productivity and Profitability

Deltek’s Agency Solutions power project success by giving you better control, insight and visibility into agency operations, so your team can deliver more creative content on time and on budget.

Find out how to increase efficiency and productivity through;

    • CRM & Pipeline Management
    • Resourcing, Project Management & Collaboration
    • Proofing & Approvals
    • Finance & Accounting
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Streamline Service Delivery with Deltek Vantagepoint

Streamline Service Delivery with Deltek Vantagepoint

Projects are critical to the success of every architecture and engineering firm and you need a solution that puts your people and projects at the center of your business. Challenging economic times increases the need for efficiency in service delivery & business operations.

Deltek Vantagepoint gives A&E firms insight to maximize productivity, boost collaboration, improve efficiency and increase profitability. Trusted by thousands of A&E firms around the world, Deltek is an industry leader for project and financial management solutions built specifically for the way A&E firms work.

Download Deltek Vantagepoint product brief to learn how to streamline Service Delivery and power your project success for your firm.

 



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Free eGuide: How to Implement a Successful Project Information Management Strategy

 

How to Implement a Successful Project Information Management Strategy

This eGuide is designed to put architects, engineers, construction consultants and contractors on the right path when it comes to introducing the processes and systems needed to tame the mass of information and data related to their business and projects. We’ll give you 7 actionable steps that will enable you to manage both organisational and project information efficiently.

We’ll show you how to implement best practice, starting with an audit of your current information management processes through to system selection, stakeholder buy-in, implementation, change management and measures of success. Adopting a PIM strategy is easily achievable, particularly when you follow this step-by-step guide.

Download eGuide here



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Professional Services Automation for Dummies eBook

If projects are your passion and if your revenues and profits are derived from projects, then Professional Services Automation (PSA) will help you to maximize your service business performance.

Gain better visibility and control of your projects to maximize your firm’s margins. PSA systems allow your firm to accurately plan, monitor and execute projects with the right resources, with the right skills at the right time. Improve resource utilization, streamline invoicing and billing, enhance on-time project delivery, and drive profitability with Professional Services Automation.

This eBook will help your firm understand how the right PSA solution will keep your projects on track, improve your bottom line and:

–Accurate plan, track and execute projects.

-Improve resource utilization and streamline invoicing and billing

-Enhance on-time project delivery and drive profitability

 

Download eBook

 

 

 

 

 

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If your Business is built on Spreadsheets, you need to read this

How you know it’s time to trade in your spreadsheets for a project-based ERP business system to maximize productivity and profits.

Spreadsheets aren’t working any more But there comes a point where every business outgrows spreadsheets. You can tell because:

Data collection becomes too difficult.

Files get too complex or unmanageable.

Sharing files and managing copies becomes a headache.

Limitations of spreadsheets decrease operational efficiency. But there is one positive from this problem – it means your business has become successful and is maturing rapidly.

Download below our Whitepaper to find out more.

 

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Consider KPIs As Important As Budgets In Professional Services Firms

Your existing metrics may no longer be enough to determine the success of your company and this is why is of utmost importance that you read about the reasons why.

Questions such as How valuable is your organisation? or What is your company worth? are usually dealt with as they are fairly straightforward financial questions and to find the right answer, you would go back to budgets and profits.

But this is not the only way that a company tracks its value. Business KPI management should come to the fore as is becoming an increasingly important indicator of a business’ value. There are many KPIs that need to be taken into account for Professional Services organisations.

Read more about these important KPI’s HERE

Make sure your Professional Services company is measuring the right KPIs for business success by downloading our free eGuide below.

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How to manage People, Projects, and Profitability

In the business world everyone answers to someone and will at times face difficult questions. Even when things are going smoothly in your business often drill down questions can be difficult. Nobody wants to stand in front of their superior facing questions they can’t answer.

In professional services companies, your business is all about People, Projects and Profitability – and it is in these areas that you are likely to get the tough questions. We’ve compiled a set of common scenarios in the Tough Questions eGuide that will give you tips to how you can prepare for the tough questions.

To read the rest of this article, click here and to download the Tough Business Questions eGuide, fill in the form below.

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