Full Sail Partners Blog

Key Findings from the 41st Annual Deltek AE Clarity Report

Posted by Rick Childs on Wed, Jul 15, 2020 @ 11:35 AM

Deltek Clarity

Every year, Deltek collaborates with ACEC, ACEC Canada, AIA and SMPS to conduct a study to measure the health of the AE industry. The 41st Deltek AE Clarity Report provides a comprehensive assessment of the 2019 performance of AE firms. Furthermore, the study collected responses from more than 415 firms of all sizes within the AE industry. While many of you will eventually read over the findings, here is a summary of what you will discover in detail.

Clarity on AE Technology Trends

With no surprise, technology is a leading focus for AE firms. It seems like this is a trend every year, and it is now becoming even more important for AE firms to invest in technology to be competitive. Surprisingly, augmented and virtual reality is driving a deeper interest into technology investments for AE firms. Even more, firms that have been challenged by the costs of emerging technologies are finding them more affordable as they become more mainstream. According to responses from the Deltek Clarity survey, firms have accepted that the cost of investing in technology has a significant and beneficial impact on the efficiency of their operations.

Clarity on Financial Statements

2019 proved to be another great year for the AE industry in regard to financial performance. The report explains that over the past 10 years, the financial stability of the AE industry has remained strong and has shown growth. While many of the core metrics measuring financial strength demonstrate small changes from year to year, the changes are continuously positive. A significant finding is that operating profit on net revenue and net fixed assets per employee did rise in 2019. Furthermore, the benchmarks for operating profit on net revenue and net labor both surpassed the high performer thresholds which backs the findings of financial stability in the AE industry.

Clarity on Business Development

This section has some interesting findings. Win rates were down and so was revenue from the firm’s top three clients. However, there may be some factors that can explain these results. Is it because firms are lacking a formal go/no go process to improve new business pursuits, or are firms pursuing business in new markets? Are your firm’s top three clients doing less work? Perhaps it is a combination of all these things. But one thing remains certain, that business development continues to be a challenge for AE firms.

Clarity on Project Management

What, what, what? The 41st Deltek Clarity Report found that AE firms, which are project-based businesses, have recognized they need to improve their project management capabilities. Yes, you read that right. Many AE firms are reporting they need to better define responsibilities and processes, develop better practices, and invest in project management training. How fantastic that AE firms are recognizing that project management and delivery is hindering the overall performance of their firm and acknowledging there is a need for change.

Clarity on Human Capital Management

Human Capital Management is a not a problem unique to the AE industry, and it affects nearly every profession. For AE firms, talent acquisition is the top challenge leaders face each year. Since a firm is only as good as the people it employs, acquiring and retaining top talent is essential to staying competitive. Unfortunately, talent acquisition is going to continue to be a challenge for AE firms since the number of available experts is limited. Also, AE firms continue to fall short due to lack of succession planning. This is something AE firms should evaluate as we approach a generational change and baby boomer retirements.

Learn More with the 41st Deltek Clarity Report

For many, the Annual Deltek AE Clarity Report is a valuable tool used to benchmark the performance of your firm. It’s important to keep in mind that using this report from 2019 to compare to your current fiscal year of 2020 may give you skewed results as the global pandemic’s effects are still unseen and predicting the impact is nearly impossible. Good news though, you can still compare your 2019 results against the report findings, and Deltek plans on releasing the 42nd Annual Clarity Report in 2021, which will most certainly shine light on the impact of the global pandemic.
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Topics: Project Management, Client Relationships, Technology Solutions, Deltek Clarity Report

Empower Your Firm with Better Email Management

Posted by Ryan Felkel on Wed, May 20, 2020 @ 11:35 AM

Email management

What do you think is the most widespread office tool used amongst your peers and coworkers? If you answered email, you are correct! Employees use email throughout the day to communicate with coworkers, clients, vendors, and the list continues. In fact, a study by McKinsey found that employees spend 28% of their workweek managing their email, the equivalent of 11 hours if we assume that an employee works 40 hours a week. So, how can we help employees more effectively manage their email?

Email Management Pitfalls

Let’s start where most people do when they read and write an email - the subject line. The fact is, there is not a global standard to email subject lines, and most companies don’t establish predetermined subject lines either. As a result, searching for a specific email about a certain topic wastes a lot of time especially if the email is never found leaving some to wonder if the email ever actually existed.

For some savvy email users, they have learned to create a folder system to improve their email organization. According to a study by Microsoft Research, 30% of email users create a folder structure to organize email. However, ironically, 90% of those that create folder structures don’t actually use them.

Here, we just discovered two email mismanagement issues, but if you want to dig deeper, there are many more. There are other simple things like not using reply all so that everyone on the email chain has access to the communications and decisions made based on the email content. Also, not using convenience features such as setting reminders to follow-up or complete an assigned action item. All these examples are things that can be improved, but how does a business get everyone on board with practicing better email management?  

Put the Right Email Management Solution in Place

Email tools such as Gmail and Outlook contain intuitive features and functions that allow users to improve their email management. However, these tools by themselves are not enough to be able to improve firm-wide email management. While these email tools are great for facilitating communication especially for person to person, where they fall short is when emails contain specific details and information about a project that requires multiple people from multiple departments to know about changes and statuses as they happen.

An effective email management solution will have the ability to store uncategorized emails with important information in a database that makes these emails more searchable allowing employees to find the information they need, when they need it, with only a few clicks. Additionally, the emails should be in one centralized location for all relevant staff to be able to access and obtain the pertinent information. An effective email management solution integrates your firm’s email platform tool with the firm’s ERP solution to ensure all data is stored in one place.

Unravel the Email Management Mess

There’s a lot of confusion about email management solutions versus email tools. In layman’s terms, email tools are what you use to create and respond to emails. On the other hand, email management solutions allow you to quickly categorize an email from your email tool that will then add the email to a general database that lets others access the information. Furthermore, email management is more than an individual process and requires an email management system in conjunction with FIRM-WIDE established processes to ensure proper email management success.

Most importantly, email management solutions can change the culture of your company and open up the ways we communicate. They help eliminate inadvertent gatekeepers of information and ensure everyone within your firm has the information needed for client satisfaction. Lastly, they create time savings for your firm by providing easy access to the information your teams need to deliver a great client experience.

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Topics: Project Management, Technology Solutions, Project Information Management (PIM)

Improve Project Planning with Deltek Vantagepoint

Posted by Ryan Felkel on Wed, Apr 29, 2020 @ 11:35 AM

Project planning tools

For professional services firms, having a reliable project planning tool is critical to ensuring projects are profitable. Therefore, a project planning tool needs to be intuitive for users and must improve project scheduling and resource planning. With Deltek Vantagepoint, project planning has been taken to the next level with a focus on the features and functionality that project managers need. Here are some key features of Vantagepoint that will assist project managers with delivering successful and profitable projects.

Use Project Templates in Deltek Vantagepoint

Before your firm actually starts a project, it must first propose how it will deliver the project for the prospective client. Therefore, a project plan must be created during the project proposal development process. Furthermore, your firm will want to ensure its proposed project plan is aligned with its typical project delivery method. With project templates, firms can quickly create a project plan based on the type of work being requested by the client.

Aside from the ease of creating a project plan, using a project template ensures that project managers are using the correct work breakdown structure (WBS) that aligns with their firm’s project delivery model. In addition to containing all the WBS levels, the plan created from the project template will include all the required pre-defined data fields. In summary, project templates:

  • Save time when you create new project records
  • Guarantee data uniformity in your project records
  • Ensure new projects are set up with the proper WBS

Take Advantage of Labor Codes in Deltek Vantagepoint

With Deltek Vantagepoint, the ability to plan labor resources down to the labor code on a project is now possible. This additional functionality, which is seldomly seen in other project planning tools, allows project managers to better manage their project labor planning. With this increased level of granularity, firms can more accurately create internal budgets and improve labor tracking by department, service, or staff level.

The benefit of using labor codes is that the same labor codes are used across the board for all projects. As a result, project reports can include additional and meaningful labor detail that can be sorted by labor code. Additionally, firms that use labor codes can allow employees to bill time at multiple rates if they perform different jobs during a project.

Adjust Project Timelines with the Interactive Gannt Chart

Gantt charts are a great visual assistance tool for project managers, and Deltek has gone a step further by making them interactive in Vantagepoint. For those that are unfamiliar with Gantt charts, they use bars to illustrate a project schedule which can also include dependency relationships between activities and their scheduled time. With the project Gantt chart in Vantagepoint, project managers can adjust the project schedule from any level of the project by simply dragging and dropping the timeline bars.

As a result, project managers now have an easier way to adjust dates as changes to the project occur. Additionally, Deltek has included the ability to export the project Gantt chart in various formats. Among the options are PDF and PNG, and all can simply be attached in a project contract or proposal.

Take Control of Your Project with Deltek Vantagepoint 

As you can see, there are several valuable features in Deltek Vantagepoint’s project planning capabilities that other project planning tools are still lacking. From providing project templates, to offering labor codes to the interactive Gannt chart, Vantagepoint is taking project planning and delivery to the next level. Now is the time to step up your project planning and delivery with Deltek Vantagepoint.

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Topics: Project Management, Professional Services, Deltek Vantagepoint

What Makes a Great Project Information Management System?

Posted by Amanda Roussel on Wed, Apr 22, 2020 @ 11:35 AM

PIM Puzzle

In this digital age, project information management is crucial to efficiently maintain firm documentation. With projects that may have a duration of five or 10+ years, project files are plentiful, from large drawing files to Word documents and email correspondence. The organization of those files can be challenging for firms of any size. Therefore, established document management practices are necessary to keep projects running smoothly. So, let’s see what a great project information management (PIM) system would look like.

Challenges to Project Information Management

In order to ensure the setup of a great PIM system, let’s first evaluate the project information management challenges faced by firms:

No Two Projects are Alike - Projects are unique. They can be similar, but there will be at least one detail that sets each one apart. Firms need to create and save project files that contain the specific project details for the benefit of all team members and others in the firm that may need to reference a document, such as a contract or correspondence. The numerous drafts and revisions as a project progresses are important and should be saved in one place as well.

Many Hands on a Project - Team size can vary from a small few to over 50. No matter how much time team members spend on a project, they need access to the files that are applicable to their work and their hours should be recorded on a timesheet. It is also no secret that employees come, and employees go, so team members get added and others get shifted. If team members change, how can the project seamlessly be handed off with no interruption in service to the client without proper documentation in an accessible place?

Information Overload can be Overwhelming - We are all familiar with the yellow folders that you can sift through on the network as you hopelessly search for that one email from the client with a very particular request from three months ago. It is somewhere in there amongst the other documents - contracts, correspondence, drawings, scope of work, photos, reports, supporting data, deliverables, etc. While firms do have various ways to save their files, they are usually not saved in one cohesive location. Furthermore, varying naming conventions also create problems regarding files since not all team members have the same naming logic.

Overcoming Documentation Difficulties

Teams can better use their time executing a project rather than searching for the latest version of a file. So, it makes sense that all relevant project documentation should be easily accessible somehow. Now, what document management practices should be set up by firms to ensure all team members have the correct tools in their toolboxes?

Proactively Manage Emails – Email is a universal form of communication in project-centric businesses. It is communication, but it also can be considered important documentation. Therefore, email can be leveraged to improve productivity, and it should be managed in a secure central location with your project information.

Inclusion of all Project Documents – Project drawings, reports, deliverables, and any documents related to the project should be saved in one location. This includes contracts and change orders as well. Having all information in one place improves efficiency and can ultimately keep projects on track.

Tagging for Searchability - Tagging documents with the correct information allows a system’s search feature to retrieve related documents quickly. As a result, this saves you valuable time and allows you to easily find the document you need to continue your work.

Mobility is a Possibility – Project information management needs to happen from anywhere – office, home, or on site. Be certain that your teams can access the data they need no matter where they are. This is a vital component to a great document management system.

Auditability – Just like accounting data, your project documentation should be auditable as well. Allowing tracking helps keep the data safe and always available.

Investing in a Great Project Information Management System

A quality project information management system is a wise investment for the future of your firm. Having best practices in place regarding accurate and easily accessible project information ensures project data is an asset to the firm, rather than a liability. Even more, a well-planned system can boost team communication and collaboration as well as project efficiency, bringing your team to the next level of excellence.Deltek PIM

Topics: Project Management, Technology Solutions, Project Information Management (PIM)

Why Clear Business Intelligence is Important for Future Success

Posted by Jennifer Renfroe on Wed, Oct 02, 2019 @ 11:35 AM

Business Intelligence

Business leaders cannot run their firms successfully if they don’t have all relevant information at their fingertips. With clear business intelligence, data can be consistently analyzed and interpreted allowing for the creation of actionable goals. KPI dashboards can also be set up by all department heads enabling them to focus on their specific needs. With all departments having the insight to work more efficiently and effectively, there will be an across the board positive impact on the firm. Let’s see how clear business intelligence can ensure firm success.

Ensuring Productivity

By tracking sales or marketing progress in business intelligence dashboards, firm leaders can keep a pulse on their staff’s efficiency. If the numbers are not meeting expectations, managers can meet with teams to recalibrate the strategies to improve them. Firms will operate successfully if inefficiencies are eliminated and sales goals are met in a timely manner. Ultimately, using business intelligence will accelerate the firm’s ROI.

Improving Customer Satisfaction

Business intelligence can be used to improve the firm’s ability to meet customer needs. It can first be used to identify the target audience or the most valuable customers. Then it can track the customer interactions making sure they are receiving the support and resources necessary for them to be satisfied. Pinpointing the proper prospects for growth and ensuring current clients are getting what they need will ensure future success.

Managing Risk

Being able to see data on a constant basis allows those in charge to identify problem areas before they become disastrous for the firm. With graphs and charts in the dashboards showing the significant data in real-time, leaders can evaluate current situations noting any red flags. Being proactive and tracking this information allows for corrective action to be taken before the matter is unmanageable.

Making Smart Decisions

Overall, it is crucial for firms to have a full understanding of the organization’s entire operation in order to make informed decisions. Whether it is to determine long term staffing for a new project or evaluate the efficiency of marketing campaigns, seeing complete data is necessary to make smart firm decisions. Business intelligence allows firms to see all aspects of the operation and make choices leading to firm success.

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Topics: Project Management, Building Business, Professional Services

Why Your Firm Needs Deltek PIM

Posted by Full Sail Partners on Wed, Jun 26, 2019 @ 11:00 AM

PIM-1

Projects are the life blood of the AEC industry. Efficiently run projects yield the most revenue and are thus essential to firm success. Fortunately for these firms, Deltek Project Information Management (PIM) provides project management and collaboration tools designed to help employees access critical project information and keep teams connected throughout the entire project lifecycle. Let’s check out what PIM can do for your firm.

Access All Project Emails in One Place

Employees spend 2-3 hours per day on average on email related activities according to a study by Dr. Michael Einstein at MESMO Inc. With Deltek PIM, project employees can easily add project related emails and communications into one central location allowing all project employees visibility into all email communications. Now hours are no longer lost managing and organizing project emails from other sources, since PIM provides a central location for the most up to date project emails. Project employees can utilize PIM to improve productivity, not impede project progress.

Simplify Document Management

Deltek PIM helps firms maintain hundreds of files across all aspects of their business in one location, giving companies the organization and intelligence to run their business smarter. All drawings, correspondence, and submittals are accessible by all team members at any time. Even more, PIM allows project teams to share large files in the office or with external team members while maintaining security and control. With PIM, there is no more worrying about setting up accounts or dated FTP sites so deadlines remain on track.

Take Information Management to the Next Level

Most importantly, Deltek PIM integrates with your Deltek ERP solution to improve how your firm manages schedules, budgets, resources and files for every project. Furthermore, PIM enables project teams to manage project documents while in the field. As a result, project employees can stay on top of everything that has been done or needs to be done at the site including uploading site photos, managing inspections, updating punch lists, and more with mobile access.

Make More Revenue Using Deltek PIM

Deltek PIM offers firms the chance to stay organized and run projects more efficiently. With PIM, team members will have access to all important documents with up to date details in one place throughout the entire project lifecycle. Therefore, project managers can ensure their projects are completed on time and on budget. How can PIM help your firm?

Deltek PIM

Topics: Project Management, Technology Solutions, Project Information Management (PIM)

Top Trends in the AEC Industry

Posted by Ryan Felkel on Wed, Mar 20, 2019 @ 02:10 PM

Cloud ComputingOut of all industries and professional disciplines, architecture, engineering and construction (AEC) leads in innovation. Not just in building design, but in how construction projects are completed. Among other efforts, the AEC industry is embracing modern technology to make projects and overall business more successful. Let’s take a look at some trends.

Moving to the Cloud

Taking your software to the cloud is becoming an extremely cheaper alternative to hosting your own software tools. Software/Desktop as a Service (SaaS/DaaS) is changing the AEC industry for the better. SaaS/DaaS gives employees the ability to access the software products they use from anywhere with an internet connection. As a result, it’s allowing firms to become more efficient and mobile.

Business development teams can retrieve important CRM information about their clients and prospects on-the-go. Project managers can update project records while they are on-site at the project. For AEC firms to stay competitive, they need to embrace SaaS/DaaS solutions to keep up with the changing times. Check out this link to learn more.

BIM Technology

Building information modeling (BIM) technology is not just for large firms anymore. It has now become economical for small firms and even the self-employed. With BIM, AEC firms can create digital models of structures…but it’s not just a 3D representation of a structure; it’s more like 6D. Whereas 3D is width, height and depth, the 4th D is time, the 5th D is cost, and the 6th D evaluates the environment and sustainability of the structure. 

Even more, it’s a shared knowledge base of project information. By using BIM, companies will be apprised of a project’s status by instant access to all project information, even emails. Want to take Deltek Vantagepoint and Vision even further with project management? Check out Deltek PIM here for more information.

Software Integrations Using the Blackbox Connector

Third party software solutions can now be integrated with Deltek Vantagepoint and Vision. Using the Blackbox Connector for Constant Contact or Mailchimp, email marketing efforts are automatically updated in Vantagepoint or Vision. Instead of relying on plain spreadsheets for company business intelligence, firm employees can easily create real-time graphical dashboards with the Informer integration for Vantagepoint or Vision. Learn more about the Blackbox Connector options for Deltek here.

Stay Ahead of the Competition

Many AEC firm leaders are hesitant to make an investment into new technology. However, evaluating current practices and exploring ways to use technology to help streamline your business processes can prove to have a true return on investment. How can Full Sail Partners help you embrace modern technology?

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Topics: Project Management, Technology Solutions, Cloud

Introducing Deltek Vantagepoint

Posted by Ryan Felkel on Wed, Sep 05, 2018 @ 03:13 PM

 

Deltek VantagepointWhen Deltek for Professional Services (DPS) 2.0 is released, it will have a new name - Deltek Vantagepoint. In addition to the name change, there will be several enhancements to improve the user experience for both back office and front office users. Here is a sneak peek of how Deltek plans to take the breadth and depth of the Vantagepoint solution to the next level.

Say Goodbye to the Smart Client

With the release of Vantagepoint 2.0, Deltek will begin to push users away from the smart client and direct them to the web browser version. Using this version, they will be able to access Vantagepoint from any device that is connected to the internet using any browser they desire. Think of it this way - Vision is the smart client and iAccess is the web-based version. Keep in mind that if your firm is still using Vision, you may want to consider using iAccess more to get comfortable with the look and feel of Vantagepoint.

Proposals Engine

The proposals engine is now being introduced to Vantagepoint, and it is a great feature. For marketing, the proposal process can be extremely time consuming. With the proposals engine, a person creating a proposal can go through and check off boxes based on the requirements of the RFP, and Vantagepoint will automatically create the proposal. It can include images and pictures, employee resumes, past work examples, references and more.

Combined Opportunities and Projects

The opportunities hub is going away and is now being combined with projects. This has a huge upside for business development. By tracking an opportunity as a project, time and associated costs can be captured to help determine the price of pursuing new work. Additionally, a timeline with milestones and reminders can be developed to ensure business development is staying on top of winning the opportunity.

Simplified Transactions

Moving forward, transactions will be managed within a single location. Users will go to one place within Vantagepoint to enter, edit, report, post and approve transactions. Additionally, you will have the option to enter transactions without files and to post on entry. The line item detailed view will still be available.

Project Information Management Integration  

Deltek Project Information Management (PIM) will now be integrated with Vantagepoint. It will be easy to find since it will be a tab in the project record. By using PIM, firms can easily share project related documents and information within one platform.

Expanded Dashpart Designer

The new improved dashpart designer allows users to create custom dashboards with information that is important to them. They can select bar and line graphs, pie charts, or other graphics as part of their dashboards. Additionally, users will have enhanced control for grouping, sorting, filtering and totaling data all within the dashpart.

Improved Reporting

The reporting screen will now have a preview menu. When users create a report, the multiple clicks required in the past will be eliminated. The reporting tool will also include charts and graphs.

What Deltek Vantagepoint 2.0 Means to Your Firm

One thing is for sure - 2018 to 2019 will be a transitional time for Deltek Vantagepoint. As Deltek continues to further develop Vantagepoint, more features will be added to further enhance this solution. The most important take away for users is that they need to be aware of the changes coming and they need to be ready to embrace them.

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Topics: Project Management, Accounting, Professional Services

Top Characteristics of Powerful Key Performance Indicators

Posted by Ryan Felkel on Wed, Aug 15, 2018 @ 05:52 PM

KPIs Almost all businesses utilize key performance indicators (KPIs) to identify trends and to measure performance against set goals. KPIs can fall into one of two categories: drivers and outcomes. Drivers measure current and future activity whereas outcomes measure the success of past activity. Furthermore, powerful KPIs should have some key characteristics to ensure they are clear and easily measurable.

Characteristics of Powerful Key Performance Indicators

  1. Simple – KPIs should be simple to understand and to measure. It is extremely important that employees know what a KPI is measuring and how it is being calculated. KPIs should also be concise so that are manageable and do not overwhelm employees with too much information.
  2. Relevant – KPIs need to be relevant to the organization. This can be done by making the KPIs for employees relate to the strategic goals and objectives of the company.
  3. Measurable – Employees need to be able to analyze their performance which is the goal of using KPIs. Therefore, KPIs must be measurable but not all will have a quantitative goal.
  4. Actionable – KPIs should prompt decisions and not create more questions. In other words, KPIs cannot be effective if employees are unsure of what to do with the information.
  5. Timely – KPIs should be reported frequently enough to allow employees to make timely decisions. However, avoid having the reporting too frequent as this can overwhelm employees with too much information.
  6. Visible – KPIs should be visible across the entire organization. This allows employees to see how their work is helping achieve the goals of the entire organization. It also provides incentives to employees to work harder and be more productive.

Using Key Performance Indicators to Drive Success

For a business to be successful, it must have goals it wants to achieve. These goals are a way to measure the performance of the company and its employees. Lastly and most importantly, a KPI is useless if the objective and the result cannot be reported on. Thus, KPIs must be meaningful to be powerful.

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Topics: Project Management, Professional Services

Breaking Down the Early Stages of the Project Lifecycle

Posted by Michael Kessler, PMP on Wed, Aug 08, 2018 @ 03:05 PM

Project Lifecycle For professional services firms, having the right project lifecycle is essential to having a profitable company. Even more, the processes that drive your firm’s project lifecycle must be in sync with the systems you use to manage them. There are several stages in the project lifecycle and evaluating your processes requires breaking down the steps. In this blog, we’ll look at the initial and most overlooked phase of the project lifecycle…winning the work.

Leads and Opportunities

Here’s where many firms go wrong when examining their project lifecycle…to start a project, you must first win the job. So, evaluating the lead to opportunity process is an essential component and must be considered in the project lifecycle.

When a new lead is acquired, it needs to be captured in a system that provides visibility to the entire company. As a business development person learns more information from the lead, it is input into the system and analyzed to see if the firm can meet the requirements to win the project. Once the decision is made that your firm can win the work then the lead becomes an opportunity.

If you are using Deltek Vision or Deltek for Professional Services (DPS), it is recommended that you create a “proposal project” to track the time to prepare the proposal. By using a proposal project, your firm will have the analytics regarding the cost of winning and losing work as well as the total cost of the business development efforts.

Fee Proposal Development

Developing the fee proposal is another important step to the business development portion of the project lifecycle. The fee proposal will eventually become the basis for the project budget. It will include what your firm is being paid for the various stages of the project. This may also include bonuses or penalties for meeting or failing to meet certain milestones.

It is recommended for Deltek Vision and DPS users to develop the fee proposal using the resource planning module. This will allow you to incorporate previous performance from similar projects to ensure you are charging the right amounts and including the correct milestones. Additionally, firms should continuously check the scope of work and make sure it’s in line with the fee proposal you are developing.

Fee Negotiation and Finalizing a Budget

Once the client indicates it has a desire to move forward with your firm, the fee negotiation and budget finalization phase of the project lifecycle begins. Things to keep in mind during this stage are possible changes to scope, schedule and fees. The budget created during this process will serve as the guide for the project manager to execute the work.

Next Steps to the Project Lifecycle

This blog discussed the business development piece of the project lifecycle. Remember that periodic reviews of your firm’s project lifecycle are a must to ensure that the process is still in line with how your firm has evolved. Stay tuned for more blogs about project execution and project closeout.

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Topics: Project Management, Building Business, Professional Services