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Engineering, law, healthcare, design, and consulting firms are understanding the core benefits offered by automation professional services software solutions, as they are a critical part of an overall digital transformation journey.

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As a project manager or a business leader, how could I improve project performance?

The above question seems to be the proverbial Achilles’ heel for project managers and business leaders alike – and more so during project and personal performance evaluation! 

While a PSA Software could be a great enabler to project teams, it is important to understand the constituents of project performance – be it projects for professional services or for the IT industry.

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Organizations execute strategies through a combination of programs and projects. To set the context, programs are larger in scope, complex in design, and involve higher levels of change. 

Program management involve managing two or more related projects to deliver business value.

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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

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The automobile sector has always been a powerful specifier and testing ground for managerial innovation. Mass customization, quality, and standards are the few prominent factors that shape the automobile industry.

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Over the past couple of decades, IT offshoring and outsourcing have grown significantly. However, the traditional approach of staff augmentation (where clients paid for each staff member a service provider added to complete an IT contract) soon made way for a robust model under which managed service providers (MSP) deliver specific capabilities for a given price.

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Consider these.

Unlike industries such as engineering, EPC, manufacturing, and pharma, the growth and profitability of the professional services industry is very closely linked to one critical asset – its people resources. Irrespective of the nature of your business, cost of people resources forms a significant portion of the overall cost across all projects and programs undertaken.

The sustained profitability of professional services organizations depends on robust resource planning as well as meticulous resource capacity management.

The value of a top-class PSA software is priceless.

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Organizations are undertaking programs and projects at an unprecedented rate to ensure execution meets strategy. 

The focus on program and project management has put tremendous pressure to plan and manage a company’s most important asset – resources!

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Organizations are undertaking programs and projects at an unprecedented rate to ensure execution meets strategy. The focus on program and project management has put tremendous pressure to plan and manage a company’s most important asset – resources! 

The complexity of resource planning and management increases when resources are deployed to multiple engagements in parallel, working from different geographical locations and time zones, and type of project organization structure (functional, projectized, or matrix).

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The automotive industry is set for a transformation as millions of electric vehicles hit the roads in the next decade. Additionally, automobiles are embracing software technologies with open arms. 

The implications of these shifts for automotive OEMs are expected to be phenomenal.

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Project management maturity is a journey – observed to be true whether you are a big or medium or small enterprise irrespective of whether you are in engineering, manufacturing, construction, technology, healthcare, public utility or any other industry. Organizations continue to invest in search of the ideal – business excellence!

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As a project manager or a business leader, how could I improve project performance?

The above question seems to be the proverbial Achilles’ heel for project managers and business leaders alike – and more so during project and personal performance evaluation! While a PSA Software could be a great enabler to project teams, it is important to understand the constituents of project performance – be it projects for professional services or for the IT industry.

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On projects and programs, all roads must lead to profits and cashflow!

Living in a highly competitive world, delivering strategic programs and projects is futile unless backed by financial alignment, cost discipline, and superior profitability. The pressures of managing costs and expenses are here to stay.

 Business leaders have little influence on revenue; they could, for sure, look inward – managing costs, accurate revenue recognition, and zero revenue leakage! The success of project finance management hinges, to a large extent, on the use of a top-class project finance management tool!

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Are you providing professional services to customers? Do you want to optimize cost & maximize revenue? Do you want to improve resource utilization?

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There are lots of choices when it comes to selecting IT professional services automation (PSA) software. Do you go with a product recommended by a friend or choose the top selling brand?

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Professional Services Automation is a type of software that enables an organization to plan, measure, monitor and adapt business processes by combining different systems into one unified interface. 

For example- the systems for productivity tracking, project management, and invoice processing can be combined into one Service Automation Platform. This software eliminates the use of unmanageable spreadsheets and enables a bird’s eye view of the entire project to any user.

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TouchBase solution for Professional services include following solutions: 1. Quote to CASH 2. Idea to LAUNCH 3. Request to COMPLETION These solutions are explained in the section below & can be used by Engineering Design Services, Software & Management Consulting, Software Product Companies, Architectural & Design Services, Legal Services & Others.