Remove Efficiency Remove Finance Remove Productivity Remove Software
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Navigating the Crossroads: Project Management vs. Project Accounting Software

Progressus

In today’s complex business landscape, the right software tools are more than just aids; they are essential components that drive project success and financial stability. A common area of confusion lies in distinguishing between Project Management and Project Accounting software.

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How to Use Flow Metrics to See if Your Economies of Scale Offer Value, Part 3

Johanna Rothman

Flow Efficiency In How Centralization Decisions Create Friction, Increase Cycle Time, and Cost Money, Part 1, I discussed how removing support staff for departments and managers created longer cycle times. Now, it's time for Economies of Scale and how that ties into resource efficiency thinking. Ignorance of the flow metrics.

Metrics 63
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Technology Ain’t Going to Solve Your Problems

Markovitz Consulting

I was at a conference for internet retailers two weeks ago and was overwhelmed by the software and hardware solutions promising to solve all their operational problems and turn their ecommerce businesses into a highly profitable, eight figure monsters. Yes, the system is pricey, but think of the productivity improvement! They’re lying.

Software 178
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Possible Organization Changes for a Product Approach, Part 5

Johanna Rothman

How do we move from a project-based organization towards a product organization? I’ve noticed these challenges in companies who want to move to a more product-oriented approach: The reward system rewards resource efficiency, not flow efficiency. Work Toward the Product Organization with Team Behaviors.

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Upgrade your Legacy System without Disrupting your Project-based Organization

Progressus

Although it might appear as though you’re saving costs when you don’t spend money updating your digital product, it might cost you much more over the long haul. Legacy systems are outdated computer systems, software applications, and technologies designed to perform specific tasks in a specific way. What are Legacy Systems?

System 52
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What is Project Accounting?

Progressus

For project-centric companies such as consulting firms, architect and engineering firms or software publishers, the term project accounting takes on a whole new meaning. Additionally, the time needed to reconcile spreadsheets to both the GL and project reporting negatively affects productivity which in turn risks profitability.

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Key Performance Indicators (KPIs) for Professional Services Firms

Progressus

People often generate nearly 80% of the industry’s revenue, making efficient resource management critical. This metric offers insights into overall productivity, informs training, project assignments, and tech investments, and guides pricing strategies to ensure project profitability.