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Vision Blog

Selected topic: professional-services-automation, posts found: 11

Skill Inventory: Your Resource Allocation Magic Wand

Michele Rotini,

Some say that allocating the right resources is the most important part of successful project management - figuring out the right person for the right activities. However, this is also a very difficult and complex process, especially if there are many projects to be completed and being able to make the right choice will have to depend on a large number of variables.

In a way, it's almost like you're expected to be Merlin. You need to make decisions but you don't quite know how to proceed despite being faced with a chaotic mess of possibilities. You might be tempted to pull out your crystal ball, but don't despair. The solution could be simpler and more intuitive than it would seem. The magic word here: skills.

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Project Management Tool Must-Haves: The Ninja Turtles Checklist

Michele Rotini,

From conceptualization to planning, from the performance to the monitoring and closure of a project, the project manager is faced with a variety of skill requirements, tasks and objectives that sometimes makes completion seem like an impossible mission. But nothing is impossible if you have the right team's support. It's not just about having a working group which responds to diverse needs. You also need a number of tools to assist you in every step of project management.

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Hidden gold mine: Integrated project management with ERP and CRM

Michele Rotini,

Heard of Sherlock Holmes? No, not the early 20th century tweed-wearing, pipe-smoking detective. I'm talking about the super geeky and modern version played by BBC's Benedict Cumberbatch. He's a brilliant and seemingly superhuman investigator with a powerful mind that's almost like a built-in computer.

A good project manager has to act a bit like odd "consulting detective". In fact, they must learn to evaluate each situation by bringing together all available clues and all the elements that appear on the scene.

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3 Tips to Prepare a Project Quotation in 15 Minutes

Michele Rotini,

How much time does it take to get a new client? How much resources are used and how many hours are needed to prepare a quotation for a new project? Reflect on your past experience and and then ask Varys's advice.

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Simplifying Financial Forecasting in Services

Extra,

Even today, most service companies report a minimum of 10% difference between quarterly billings forecasts and actual results. [Read the report here: SPI report page 174] If missing forecast targets simply meant a little belt-tightening, it would be easy enough to cope.

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Increasing Profitability in the Service Industry with Automation

Extra,

Projects in the professional services industry are often lengthy and multifaceted. They need  differing skill sets, various milestones, targeted goals, locations they are operating in, and a very complex billing system.

If they can’t manage all these, any professional services firm can find itself struggling to keep its profitability.

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IT firms: cut financial close time from 3 weeks to 4 days!

Extra,

Ask any CFO of any complex, high-tech businesses about the challenges software companies face in their finances and they will share the same challenges. In particular, they all see that their peers too often make life difficult for themselves in grappling with some of the most basic financial processes—specifically, the monthly and quarterly close.

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How to reduce project management delays

Rob Carrillo,

Companies working in the professional services sector are by definition project-based businesses. These services firms can be working on multiple projects in their pipeline at any given time.

To be able to execute those projects without delays while staying on budget is critical to their business success. This makes managing projects effectively extremely difficult if you rely on cumbersome spreadsheets, manual processes and ad hoc solutions.

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Easily recognize costs and revenues for software projects

Extra,

Within the high-tech products and services industry, software companies are increasingly expected by enterprise buyers to cater to their own unique requirements.

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5 Free Project Management Tools That SMEs Need

Rob Carrillo,

Collaborating and managing projects today have never been easier. New web-based software are now available giving you more choices when selecting project management tools to manage your team members.

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