Professional services is the cash register for the service enterprise. But turning a services business into a profit center requires careful orchestration. Outside of the human element of having great people running your projects, a services business needs a strong project financial framework in place. The framework assists with management of the day-to-day operations, from enforcing delivery excellence to project reporting and cost estimation. Project financial controls mitigate the risk of cost overruns, with pre-defined thresholds to protect the budget and the margin. A strong framework and great people can transform a services organization into a reliable source of positive cash flow.
Enforcing delivery excellence
A profitable practice i...
