https://youtu.be/eqvJHlMf_DE In both episode 7 and 8, Patrick and Chris talk resource usage from a top-down and bottom-up approach; and several times in each episode they quickly discussed bench tax, but left it mainly unexplained. In this mini-episode, Patrick takes a few minutes to define what bench tax is and how to implement it. WHAT …
https://youtu.be/6_CI-rbYpsU Data should be at the forefront of all strategy in the services industry, but finding the right metrics to put your trust in can be difficult. Patrick Fuller sits down with project management expert Chris Covey to identify the leading indicators for both project and company success and the impact these insights have on …
One of the first things any successful business person needs to know is what to measure, and how to measure it. Whether it be logged hours from billable resources or projected vs real-time profit, a true professional services leader needs to know the numbers. What types of numbers do you need to have readily available? …
In order to be fully armed and ready for profitable project performance, your consulting company should have software(s) capable of handling multiple aspects of running the business. And with the average company spending over $10,000 a year on consulting software solutions, it’s important to make sure the tool your company invests in has all, if not most, …
A lot of professional services companies and project teams use spreadsheets to manage their projects. And quite frankly, these teams are not operating at full capacity, simply because spreadsheets are not an effective tool for companies looking to execute profitable projects. Here are four reasons why your team needs to upgrade from spreadsheets immediately: They …