Posts

Showing posts from July, 2021

Why an Enterprise Collaboration Tool is a Necessity in 2021?

The need for enterprise collaboration as well as an online collaboration tool has never been so much as in the past twelve months. However, it is somewhat strange that most business managers and professionals mistake collaboration for the use of software tools, the growth of which has been extraordinary – thanks to COVID-induced work-from-home. Statistics reveal an exponential rise in the adoption of collaboration tools such as Zoom, Microsoft Teams, WebEx, Google Meet, etc. Now, let us look at companies. There are bad companies. There are good companies. And there are great companies. What makes some companies great, and others just ordinary? Is it the quality of their products and services? Is it the organizational processes and tools? Is it the competency of their people? Maybe, maybe not! While discussions and conversations about organizational success may turn toward processes, tools, skills, one aspect that gets very little focus is – collaboration! Research indicates that a majo...

How PSA software is the future of Professional Services Firms?

Image
  A study by McKinsey indicates that most industries are either facing or are expected to face different levels of perceived instability of the business environment. Different types of Professional Services are also expected to face the wrath of the future instability triggered by factors including technology, global competition, regulations, compliance, information security, and others. While organizations must rework their go-to-market strategies and operating models, the role of automation via Online PSA Software appears to be pivotal. An Online PSA Software c o uld push professional services enterprises into the future — with relative ease! Before we get there, it is essential that we understand how professional services industry works. There are two key stages that professional services companies go through — Pre-Sales and Project Delivery…read more at   https://www.productdossier.com/blog/details/0000000236

Cost Estimation and Budgeting in Project Management

  You may be delivering a professional services project for a B2B customer or a new product development project. It might be an internal project to improve the productivity of a functional area through an automation tool. Let us face it. Irrespective of the nature of your project, businesses and their leaders are judged by their impact to the top line (revenue) and the bottom line (profit) Cost Estimation and Budgeting in Project Management turns out to be either your weakest link or the strongest one - to profitability. What does Cost Estimation and Budgeting entail in Project Management? The objective of Cost Estimation is to understand all the resources and the associated costs needed to deliver the project satisfactorily. Budgeting assigns a constraint in terms of the total amount that the project could spend. It is interesting to observe that Cost Estimation is performed by the project management team while the Budget is decided by the Project Sponsor or a Senior Manager. The ...