Project Management Software for consultants
How can PROJECTminder® help consultants?
PROJECTminder project management software for consultants is used by many types of consultancy businesses including change consultants, management consultants, clinical data consultants, environmental consultants, oil and gas consultants, e-learning consultants, procurement consultants and food service consultants.
There are several ways PROJECTminder project management software is delivering value to our consultancy clients:
Staying on budget
With fees under pressure but clients not relenting on their requirements, it has never been harder to deliver a profitable project. By breaking projects down by phase PROJECTminder allows you to see quickly and easily how a project is performing. If one phase has over run you then have the chance to change your budgets going forward to pull in the over run.
The bulk of our clients have their timesheets completed weekly. This means that they can see exactly what the time, expense and purchase invoice costs are on their projects at any point in time. From a billing point of view it means they can cut their invoices very quickly after the work is done.
This approach has proved particularly effective when seeking to reclaim extras. Many clients are now reclaiming smaller extras that last year that would have been ‘hidden’ in a more profitable project.
Forecasting for the future
One of the key requirements for keeping a business on track when times are hard is accurate forecasting of future work and the ability to model ‘what if?’ scenarios. PROJECTminder project management software can generate weighted revenue and resource forecasts quickly and easily - allowing you to get the best possible picture of the coming months. For consultancies it is particularly useful to be able to set target utilisation rates for individuals as well as revenue targets by department or team. This allows our clients to finesse their reporting to meet their exact requirements.
With access to such a powerful report, you are better placed to plan headcount and new business activities to ensure the continuity of your company.
Saving administrative over heads
PROJECTminder project management software is often used in lieu of administration or support staff. Many consultancies tend to cut fee earning staff when times get tough and keep admin staff. The issue with this approach is that admin staff cannot generate revenue. When the green shoots of recovery appear a business needs to make sure they are in a position to capitalise on any opportunities that arise.
Implementing PROJECTminder project management software will ensure continuity of information and reporting with the option to reduce administrative over heads and retain your important fee earning staff.
Removing manual processes around time and expenses, contact management, billing and forecasting can save a full time position. The costs of PROJECTminder project management software per month in relation to a salary cost would make this change a sound investment.
