Full Sail Partners Blog

The Benefits of Being in the Cloud

Posted by Wes Renfroe on Wed, Feb 26, 2020 @ 11:30 AM

Cloud Connection

What exactly is being in the cloud? Well, being in the cloud simply means running your firm’s ERP such as Deltek Vantagepoint or Vision on a remote server. Therefore, your firm does not need to concern itself with having the IT infrastructure on premises. Furthermore, being in the cloud allows your firm to focus on the more important matters of running your successful business leaving the IT responsibilities to the professionals. Let’s check out how your firm benefits from being in the cloud.

Cloud Means Lower IT Costs

Being in the cloud, your firm doesn’t have to worry about staying up to date with hardware and software. Simply stated, there is no need to buy additional servers, Windows operating systems, or SQL licenses if your ERP system is in the cloud. As a result, IT professionals managing your ERP system in the cloud will handle all of this for you so there are no additional costs incurred.

Cloud Security is Top Notch

With cloud management, your data is safe. Cloud professionals handle automatic updates and do multiple daily backups. Malware and virus scanning are also performed regularly. Most importantly, if there is a problem, business continuity is of the utmost importance. Cloud professionals work to ensure that your data is accessible as soon as possible in a disaster situation.

Reduced Burden

Being in the cloud, your firm does not have to deal with handling the setup or deployment of your ERP solution which ensures that it does what you are expecting. Cloud professionals have experience with the product you are using or are thinking of upgrading to in the cloud. Furthermore, a testing environment can be put in place for your firm to get comfortable with the ERP it wants to use. For example, you can try Vantagepoint thoroughly before committing the company to upgrade.

All Cloud Solutions Are Not the Same

Choosing the right partner to host your ERP system in the cloud is extremely important and not all cloud solution providers can be treated equally. Therefore, picking the right cloud partner is essential to ensure your ERP system is properly taken care of by the right professionals. For instance, you want to choose a partner that specializes in the ERP system you want to have hosted in the cloud. This ensures they know the ins and outs, and all the requirements to successfully maintain your ERP system.  

The Cloud Makes Running Your Business More Efficient

Leaving your IT issues to the professionals in the cloud, you can focus on the matters that really drive firm success. Moreover, with secure 24/7 access to your data from anywhere with an internet connection, you can ensure you have what you need when you need it enabling your firm to run efficiently. If your firm does choose to upgrade your ERP from Vision to Vantagepoint, being in the cloud would make it a much easier transition for your firm.

Thinking Out Cloud

Topics: Technology Solutions, Cloud, Professional Services

The Bright Future of Deltek Vantagepoint

Posted by Jennifer Renfroe on Wed, Feb 19, 2020 @ 11:30 AM

Deltek Vantagepoint

As the life blood of project-based firms, projects must be run efficiently and effectively from start to finish. Fortunately, Deltek Vantagepoint provides the functionality to give project managers more tools to run their projects. Furthermore, Vantagepoint seamlessly integrates your firm’s business processes using an impressive feature suite bringing business development, accounting, resource planning and project management together. By empowering the different roles within firms, projects are better managed and thus more successful. Let’s check out the power of Deltek Vantagepoint.

User Convenience

Deltek Vantagepoint is user-friendly with easy to understand workflows. The browser based Vantagepoint interface offers the ultimate convenience for its users. Additionally, in 2020, there will be an add-on for Outlook. Users will be able to manage Vantagepoint activities within their Outlook calendar. Synchronizing of contact records and smart scheduling will be available to make managing projects even more convenient.

Vantagepoint Project Hub

Project managers can get access to all they need to manage their projects through the project hub in Deltek Vantagepoint. In 2020, the project hub will be expanded to include more functionality. A new interactive Gantt charting tool gives project managers the chance to view their schedules plus change them via a drag and drop option. Also, a scenario planning feature and revenue forecasting tool will be added to the project hub offerings.

Data for Informed Decision Making

In Deltek Vantagepoint, there is a dashboarding framework that ensures project-based firms have proper metrics and information for informed decision making. There will be further expansion of the dashboard to include more visual dashparts in 2020. Currently, the Vantagepoint Intelligence (VI) module is available, but later in the year there will be VI Analysis Cubes which offer pre-calculated data for analysis by anyone in the firm.

Deltek Vantagepoint is Becoming More Powerful in 2020

There will be even more improvements to Deltek Vantagepoint’s functionality throughout 2020 further powering your firm projects. The 3.0 release in late January has already provided some dashboard improvements as well as the Gantt scheduling feature. With the second release, 3.5, the new revenue forecasting tool will be available, as well as the Outlook add-on and Intelligent Character Recognition (ICR) to enhance the mobile time and expense app. Finally, the 4.0 release planned for Q4 will focus on resource planning features like scenario planning and more revenue forecasting. Are you new to Deltek and Vantagepoint? Time to learn more!

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Topics: Technology Solutions, Professional Services, Deltek Vantagepoint

Can Small to Mid-sized Firms Benefit from Deltek Vantagepoint?

Posted by Ryan Felkel on Wed, Feb 12, 2020 @ 11:30 AM

Questioning Person

As many in the professional services industry know, Deltek is the leading provider of enterprise resource planning (ERP) systems and other software solutions designed exclusively for project-based businesses. There are more than 30,000 organizations and millions of users in over 80 countries that rely on Deltek solutions. Wow! Those are some impressive numbers.

Out of the many ERP solutions Deltek offers, the newest and most innovative ERP system is Deltek Vantagepoint. Deltek listens to its client base and continually evolves its solutions to meet their clients’ growing needs. After receiving client feedback, Deltek created Vantagepoint which is largely based on the Vision ERP system with a lot more functionality. However, many small to mid-sized firms view Deltek solutions as only for large firms. So, let’s see what benefits Vantagepoint has to offer these smaller firms?

Deltek Has a Partner Program to Support Vantagepoint

A common thought is that Deltek only supports larger firms as clients, and there is concern that smaller clients might not receive quality customer care. However, this is not the case. Deltek has an extensive network of trusted partners that can help you identify your firm’s unique needs and successfully implement your new Vantagepoint ERP system. By utilizing a Deltek trusted partner, your firm will get the individual attention that is required to maximize the benefits and value of Vantagepoint.

Trusted partners offer more than implementation services, since they can also provide consulting and advisory services, ongoing training and more. As a result, you are never alone on your journey to bring your entire business operation into one system. Furthermore, you can even select the partner you want to help navigate your successful implementation and continued use of Vantagepoint. 

Deltek Vantagepoint Addresses Your Firm’s Needs

Although each firm has its own unique needs and requirements, Deltek Vantagepoint out-of-the-box is ready to fully support all the roles and functions of your professional services firm. With Vantagepoint’s simple to understand user interface, each employee at your company can quickly learn how to use this solution to help them successfully complete their jobs. Whether it’s accounting, business development and marketing, project management or HR, all employees in your firm will have the right tools at their fingertips to be productive. Even more, with all roles working in one system, upper management and executives have insight into all the business functions to ensure the firm’s success regardless of the size your firm.

Deltek Vantagepoint Fits all Sizes of Project-Based Firms

Deltek Vantagepoint is the perfect project-based ERP system for firms of all sizes. From small growing firms to large firms, the features within Vantagepoint help deliver profitable and successful projects. Additionally, Vantagepoint was designed specifically around both the needs of your firm and employees. Here are some key features that make Vantagepoint the ideal solution for small to mid-sized firms:

  • Vantagepoint is simple to configure ensuring it aligns with the unique needs of your business with the Activation Wizard
  • Using the Proposal Editor, you can create profitable and winning proposals based on the historical performance of previous projects
  • The Engagement Hub allows you to have insight into your business, and Hey Deltek is Vantagepoint’s personal assistant that helps users locate, open or create new records in the Engagement Hub
  • A simple to understand user interface helps create an intuitive user experience
  • You have access to the information in your Vantagepoint database from anywhere at any time using Cloud technology

Deltek Vantagepoint Can Help Small to Mid-sized Firms Be Successful

Running a successful firm requires it and its employees to have access to the best tools available. With Deltek Vantagepoint, all sizes of professional services firms get what they need from easy to use features to support from trusted partners. Since Vantagepoint is designed specifically to meet the needs of professional services firms like those which are project based, all sizes of firms including small to mid-sized will benefit from using Vantagepoint.

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Topics: Technology Solutions, Professional Services, Deltek Vantagepoint

Get Ahead of the Hiring Competition

Posted by Jennifer Renfroe on Wed, Jan 29, 2020 @ 11:15 AM

Resumes

Recruiting top talent especially for project-based firms is a crucial and effectively a non-stop process. Since projects come and go, there is always the need for qualified team members to be able to jump in and handle them. So how do firms stay on top of the hiring game and get ahead of the competition? The answer lies in automating HR processes with a talent management system. Let’s check out some ways automation would benefit your firm.

Work More Efficiently

Automation with a talent management system helps both candidates and recruiters work more efficiently. Everyone has limited time, so having a fast means of scheduling interviews, matching job skills and quickly getting desired candidates on board is a necessity. Particularly when a project opens up, and a team needs to be assembled, time is of the essence. An automated talent management system handles the core HR processes for you, so everything runs much more smoothly. Additionally, good candidates that may not be available to work at that moment can be kept in a standby position which is monitored through automation.

Better Candidate Experience

Your firm’s chances of staying ahead of the hiring competition increases exponentially when job candidates are excited to work for your firm. With an improved candidate experience in the hiring process, top talent will feel confident that working for your firm is a good choice. Automated recruiting allows for communications to flow via email and follow up to occur in a timely manner. Hired candidates will also be on-boarded quickly and placed where their tracked skill sets are required. With an automated talent management system, candidates are left with a positive recruiting experience that will be shared with others that perhaps may become future employees.

Hiring More Diversely

Another plus is that recruiting automation ensures that the best talent is hired based on the needed skill sets for your firm. Human recruiting has a lot of bias and sometimes the same type of worker is hired. However, there are so many great candidates that can offer the team a wider outlook on handling projects. Whereas, automated hiring takes the bias out of the equation and only looks at the required certifications and job skills for working on projects. Studies have shown that diversity leads to a more productive workforce.

Automation is Attractive

From the perspective of both recruiters and candidates, an automated talent management system saves time and in the end money. Recruiters can connect with top talent more efficiently and talent has the opportunity to see what is offered quickly. Since projects need to be started as soon as possible and managed well, finding top talent is essential for success. Fortunately, automation is an attractive option for all parties to the hiring process and helps keep firms ahead of the hiring competition.

Talent Management

Topics: Professional Services, HR, Employees

2020 Trends in the Professional Services Industry

Posted by Jennifer Renfroe on Wed, Jan 15, 2020 @ 11:30 AM

Looking for Trends

Firms in the professional services industry must adapt to compete in today’s world. Through acquisitions and other partnerships, many professional services firms have been entering into new markets. These firms now have the need to offer a wider range of services to a larger client base. Additionally, many firms have increased their global presence which affects the way client needs have been handled in the past. Let’s check out the top trends for professional services firms as they deal with evolving client expectations and staying competitive.

On-demand Workforce

As new demands arise with the increasing service offerings by professional services firms to more clients, an on-demand workforce is necessary. This workforce can include contractors, part time staff and temporary workers in addition to full timers to meet staffing needs. Firm leaders will need to learn how to manage this future workforce and cultivate a culture that will be attractive to top talent with the key skill sets to render firm services.

More Flexible Service Rendering

Competition for the professional services industry has increased with rapid globalization. Clients expect professional services firms to support them and deliver high quality services from anywhere in the world. With location not being the priority, client demands can be met with operational and staffing flexibility. It is very important to stay abreast of who would be competent and available for doing the needed work.

Perception as Advisors

Professional services firms are changing the way they price services. There has been a shift from the traditional per-hour revenue model to a more value-oriented model. With value-based pricing, professional services firms are setting their prices primarily on perceived or estimated value of the service to the customer rather than historical prices. This value-based pricing encourages the relationship of a professional services firm being an advisor rather than just a service provider.

Leveraging Automation

With technology changing at such a fast pace, professional services firms are increasing their offerings with the use of automation. Using automation allows firms to simplify complicated and/or difficult processes saving a lot of time while delivering quality services. Automation also makes it easier to find the source of problems and provides the ability to remedy them quickly. Additionally, automation can help reduce errors and eliminate repetitive tasks.

Staying Competitive in Today’s World

Professional services firms must stay competitive in the global world of today. In order to do so, they must keep a pulse on their evolving client needs. Even more, they must be ready to provide a flexible workforce rendering quality services as fast as possible to wherever needed. The use of automation is a necessity for success. Furthermore, professional services firms must focus on satisfying their client expectations to ensure their services continue to be utilized.

Thinking Out Cloud

Topics: Tips, Building Business, Professional Services

Control Your Projects Better with Deltek PIM

Posted by Ryan Felkel on Wed, Dec 11, 2019 @ 02:44 PM

Deltek PIMDuring the lifecycle of a project in the professional services industry, there is a lot of information being shared among all the members of the project delivery team. Furthermore, history has shown that there is a larger amount of project related documentation being created as the professional services industry continues to become more digitized. As a result, more information is being shared and there are more decisions and final approvals to be made.

With all this information bouncing back and forth, it can become difficult to track what your other team members have reviewed. Therefore, making timely decisions becomes increasingly harder which can jeopardize the successful delivery of a project. However, Deltek has created Deltek PIM to help firms better manage project documentation to allow project delivery team members quick and easy access to important project related information.  

Easily Track Submittals with Automated Workflows

There are all types of various submittals that have to be tracked and documented during the lifecycle of a project. For many firms, this is still done using spreadsheets and other manual methods. Due to this, tracking change orders becomes a heavily manual process which is time consuming and prone to errors.  

What if there was a way to make this process less time consuming and allows for improved tracking of submittals? With Deltek PIM, firms can take advantage of the workflow functionality to create a formal submittal review process. What makes PIM’s workflow functionality so great is that it allows project team members to track the status of each submittal throughout the entire process. Even more, it allows team members to see who has reviewed the submittal and who still needs to review it to help ensure it gets processed and approved before the deadline. PIM also sends reminder alerts to individuals when a deadline is approaching to ensure they review the change order before the deadline.

Emails Here and Emails There

During the project lifecycle, email is a leading communication method amongst project team members. However, have you ever left someone off an email, or have you not been included on one? If this has ever happened, it is likely that a project team member has been left out of the loop about critical project information. Even worse, a project team member may not receive a crucial document that contains important project information.

The problem with emails is that the sender may not include an important recipient, or the recipient may not open the email in time to make an actionable decision on the information being shared. Thus, the decision-making process can be delayed, and the project timeline can be put in jeopardy. However, Deltek PIM provides a solution to improve project communication.

With PIM’s email management functionality, the entire project team has access to all the conversations that have influenced changes to the design and construction process of the project. Furthermore, PIM’s email management solution allows for the storage of project related communications in one centralized area designated to a specific project. Therefore, you never have to worry about obtaining these communications even if a team member is on vacation, out on leave, or has left the firm. All this information is permanently stored and made easily accessible.

Keep Up with Important Project Documents

A large portion of delivering a successful project requires keeping project documents up-to-date and organized. This means having access to the latest version of a document and being confident that the version you are working on is the most current version. With most document control processes, it’s difficult to know if the version you are working on is the correct and most recent version. Even more challenging, what if someone is trying to make changes to the same document at the same time? As most can agree, document management can be truly challenging and can hinder the success of a project.

The good news is that Deltek PIM makes document management simple. When firms adopt PIM’s document management functionality, they are able to implement standard document management processes and make sure project team members are compliant with them. Even more, PIM ensures one single version is available to all project team members which reduces duplication and provides the team access to the latest version.

Improve Project Collaboration with Deltek PIM

Information here and information there, information is everywhere. Well, this can be great for somethings like researching an item before making a big purchase. However, information everywhere is not so great when trying to deliver a project for a client. With Deltek PIM, all project related information is located in one space making access to it quick and easy for all project team members.  

Deltek PIM

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

Summary of Human Capital Management in 40th Annual Deltek AE Clarity Report

Posted by Jennifer Renfroe on Wed, Dec 04, 2019 @ 11:45 AM

40th Annual AE Clarity Report

Summary of Human Capital Management in 40th Annual Deltek AE Clarity Report

The results of the 40th Annual Deltek AE Clarity Report regarding Human Capital Management (HCM) indicate similar trends from the past few years. There continues to be a tight labor market, and firms still struggle with finding qualified candidates. With the talent that they do hire, firms are working to engage their employees especially by offering better career development which ensures retention. Let’s take a look at some of the key findings regarding HCM.

Talent Acquisition Challenges

The top three challenges firms are dealing with regarding talent acquisition are the availability of good candidates in the marketplace, the ability to offer competitive compensation and matching qualified candidates to open positions. Continuously nurturing qualified talent is must in this competitive talent pool. Firms must also take a hard look at their compensation plan to ensure they can recruit the desired staff to fill open positions. Utilizing a talent management software such as Deltek Talent Management will help with these talent acquisition needs.

Issues Regarding Managing Talent

Succession planning, employee engagement and performance management seem to be the primary concerns for firms regarding managing talent. Unfortunately, the report showed that only 45% of participating firms in the survey had succession plans in place. Lower on the priority list for firms were learning and development and recognition. Both of these actually go a long way towards improving employee engagement and should be looked at more closely. Therefore, it is wise to keep in mind that performance management is easily trackable using a talent management software.

Developing Talent

It is clear from the study that firms are in fact encouraging the development of talent that they are able to recruit. 75% of firms reported that coaching and mentoring are used to develop their talent with 54% using external education programs. 80% of firms prioritize professional licenses with 77% making conference attendance a focus. With the addition of 76% endorsing professional certifications and 72% offering continuing education reimbursement, the results show that firms are interested in investing in their talent which is always a plus!

Human Capital Should be Smartly Managed

Having the best talent in place now and a plan for the future is the secret to success for any firm especially project-based firms. With the constant flux in project management, talent needs to be qualified, available and engaged. Additionally, learning and development is crucial to not only keep employees retained but to ensure that projects are run as efficiently as possible. For a more detailed look at the HCM results from the 40th Annual Report available in the link below.New call-to-action

Topics: Professional Services, HR, Deltek Clarity Report

Preparing for 2019 Year-End

Posted by Jennifer Renfroe on Wed, Nov 27, 2019 @ 11:35 AM

Year End 2019

Year-End is coming! Don’t let year-end bring you down - create a plan and stick to it. A great way to start is by creating a checklist and calendar. Make sure your calendar includes all year-end deadlines: final AP and Expense payment processing, final timesheets due, and final bank reconciliation are all important items to include. Deltek issues a checklist yearly, and this is an excellent starting point to create the plan for your company. Once issued, it will be available on the Support Center site.

Top Items to Consider Adding to Your Year-End Checklist

  • Reconcile all cash accounts – Post all transactions in Deltek Vantagepoint or Vision. Verify your general ledger balances match your bank statements. Make all adjustments as needed.
  • Final Invoicing – Process all client invoices for the fiscal year.
  • Review outstanding Accounts Receivables – Follow-up with clients who have outstanding accounts receivables beyond 30 days. Send past due statements and/or simply give them a call. Enter the results of your collection efforts in the comments section of Deltek Vantagepoint or Vision Invoice Review. Year-end is an excellent time to collect your outstanding receivables. If you determine there is uncollectable AR, be sure to write those invoices off.
  • Review Unbilled detail - Time and expense transactions that cannot be invoiced to clients should be written off at this time.
  • Fixed Assets – Fixed Assets are larger purchases that are made throughout the year (i.e. equipment, automobiles, furniture, computers, etc.). This is the time to make sure all fixed assets are reported on the balance sheet if they are still owned. If not, record the sale or disposal of these fixed assets. Additionally, verify the depreciation on your fixed assets as well and make any necessary adjustments.
  • Employee Expenses and AP - Verify that all accounts payable vouchers have been recorded in Deltek Vantagepoint or Vision. Make your 401(k), SEP IRA, and Simple IRA contributions have been made, if you have not done so. Try and pay all your vendors and employee expense reports by year-end.
  • Notes Payable - Verify notes payable (i.e. loans) amounts on your balance sheet match the statements from your lenders and make all adjustments as needed.
  • W-9s – Order 1099 forms as soon as possible. Furthermore, make sure all W-9s from your vendors and/or contractors that have been paid $600 or more to throughout the year are on file. Don’t forget 1099s should be mailed on January 31st. 1099 forms can be purchased from most office supply stores, or you can order them for free from the IRS.
  • W-2s – If you run payroll in Deltek Vantagepoint or Vision, order W-2 forms. W-2s should be mailed by January 31st. W-2s can be purchased from most office supply stores.
  • Budget for next year - Create your GL budget for 2019.

Communication and Organization is Key to Success

Make sure all in the firm know what their role is for year-end, i.e. when final timesheets and expense reports are due. Put a year-end process in place, create a manual and checklist to use yearly, and you’ll be ahead of the game next year! Please note: Deltek will be issuing year-end updates for Vision 7.6 and Vantagepoint. If you are on 7.5 or older, you must upgrade to a supported version to receive a 2019 year-end update. If you are still on Vision 7.5 or an older version, contact Full Sail Partners if you have questions about upgrading to Vision 7.6.

Deltek Customer Care

Topics: Accounting, Support, Professional Services

Introducing New Features in Deltek Talent 16.0

Posted by Jennifer Renfroe on Mon, Nov 04, 2019 @ 12:36 PM

red-vector-logo-lo-res

The release of Deltek Talent 16.0 has offered users even better functionality further improving firm workforce productivity. This latest version of Deltek Talent was created with the intention of strengthening strategic partnerships and developing Human Capital Management (HCM) capabilities. Let’s take a look at some of the new features of Deltek Talent 16.0.

Talent Relationship Management (TRM)

Version 16.0’s Deltek Talent Acquisition module introduced Talent Relationship Management which helps firms stay ahead of recruiting. Firms can now create recruitment campaigns to build relationships with top talent and source for openings. This improvement allows firms to fill project positions quickly. The Acquisition module also contains workflow improvements and enhanced on-boarding features.

Core HR

Once talent is hired, the new Core HR module enables firms to more efficiently manage employee records. Project-based businesses are constantly changing and there are shifts in workforce expectations. As part of the 16.0 release, there are newly added fields providing the ability to process hires, rehires, terminations and job changes. Using this automated process, there can be more focus on HCM within projects that helps with strategic planning.

Continuous Goal Management

Employee engagement and retention is always a top concern for firms. With the new continuous goal management feature in 16.0, you can set and manage goals separate from the appraisal process. This change significantly simplifies the goal writing process requiring less time. There is also the option of no score appraisals and comments can be tracked. Giving employees the consistent and frequent ability to meet set goals is important to keep them engaged.

Learning Requirements

Deltek Talent 16.0 incorporates the Learning module which lays out course and curriculum deadlines, recurrences and deadline offset options. There is a new two-level process that replaces CEUs allowing for flexibility on a per course basis. Additionally, Deltek has partnered with Red Vector for e-learning content which elevates performance for project-based businesses. Firms are able to track training and development in one place. There are 130+ courses available covering project management, leadership and HR issues.

Enhance the Whole Employee Life-cycle

Deltek Talent 16.0 offers new features that support the entire employee life-cycle. From sourcing the best talent to tracking human capital per project, to ensuring project managers are always learning and engaged, this new release fits the bill. Ready to see this improved functionality in action?

Deltek Talent

Topics: New Features, Professional Services, Deltek Talent

Project Management Trends Identified in the 40th Annual Deltek AE Clarity Study

Posted by Ryan Felkel on Wed, Oct 16, 2019 @ 11:35 AM

40th Annual AE Clarity Report

How well an engineering and architecture (AE) firm can deliver a project is core to the firm’s success. However, the 40th Annual Deltek AE Clarity Study found that AE firms still continue to have trouble with delivering great project management. Let’s take a deeper dive into these findings and identify areas your firm can improve on in regard to project delivery.

Top Project Management Hurdles

Surprisingly, the top three challenges reported by AE firms were the same as last year. We should take note so that these challenges do not repeat themselves in next year’s study. The leading challenge firms reported was the competing priorities of project managers. This entails managing and delivering projects while also being responsible for designing future projects and tasked with business development.

Even more, the second largest challenge AE firms have experienced with project management is staff shortages. If project managers are responsible for the aforementioned competing priorities, then it is clear the firms are understaffed. More allocated staff would balance the workload, so projects can be run more efficiently. In third place, AE firms reported that they are challenged with hiring and retaining experienced project managers with firms stating that inexperienced project managers actually hinder the successful delivery of projects.

Key Area of Need for Improvement

Project status visibility was identified as a key area of need for improvement. AE firms that participated in the study identified four areas to be improved regarding project management visibility. First, cost variance from original expected cost to deliver a project needs to be monitored closer. Secondly, ensuring projects are meeting predetermined KPIs throughout the project’s lifecycle needs to be a priority. Next, schedule variance from the original and proposed plan needs to be carefully watched. Finally, there needs to be a focus on client satisfaction.

If the top three areas are missing the target, then the client is going to have an unsatisfactory experience dealing with your firm. However, client perspective can be better managed if your firm uses the right tools. One tool that can help firms ensure client satisfaction is the Client Feedback Tool. Learn more about the Client Feedback Tool and how it integrates with Deltek Vantagepoint and Vision to give your firm better visibility into its project delivery. 

Projects are Busting Budgets

AE firms reported that 29% of projects ended up being over budget. Even more worrisome, this is a 9% increase from last year’s findings. Looking more into this finding, one might wonder if those responsible for managing projects have the information to keep project budgets on track. And let’s go deeper. Firms are also reporting that 36% of projects were behind schedule and only 58% of firms reported that they are confident in project reporting accuracy. These findings show that keeping to project budgets is a clear area of need for improvement for all AE firms.

Wrapping it All Up

For AE industry employees or executives, it is common knowledge that project management and delivery is the heart of their business. To continue to succeed in an extremely competitive industry, AE firms need to take a hard look at their project management processes. The challenges and areas identified in the 40th Annual Deltek AE Clarity Study can be easily addressed if they become a priority for firm leaders. You can check out all the details about project management challenges in the latest Clarity Study.

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Topics: Professional Services, Deltek Clarity Report