Management and IT Consulting
Welcome to Deltek’s premier, consulting industry blog. Here you will find insights, analysis, and expert advice on transformational trends and key challenges facing the consulting industry. Consider this your one-stop shop for the latest and greatest insights on performance benchmarking, engagement profitability, talent management, digital disruption, artificial intelligence, and a myriad of other topics facing consulting firms today. Please enjoy the reading. And welcome to the discussion.
New consulting research from The Hinge Research Institute has revealed that clients value consulting firms 33% more than in past years, and the perceived relevancy of services has risen 56%! However, in these unprecedented times, fear is up, and trust is down. You'll need to adapt at an accelerated pace. Read on to learn how.
Finding new revenue streams is more important than ever to the success of your Consulting business. We asked consulting experts from firms of all sizes: “Are you taking any steps to modify current contracts, alter your business model or create new revenue streams during the pandemic”. Here is what they said:
The consulting business can feel like a helpless place to be in times of uncertainty. Business plans have been destroyed, forecasts and projections rendered completely obsolete, and we are left wondering where to go from here. We rely on our clients to help determine the direction we need to take and when they have no idea what the future holds it feels as though we are stuck in a holding pattern. And all the time we’re burning cash without any reliable revenue streams.
Finding new and effective ways to work remotely and stay engaged with both your clients and your workforce is more important than ever to the success of your Consulting business. We asked consulting experts from firms of all sizes:How are you staying engaged with your remote workers and what are you doing to keep up visibility with current clients? Here is what they said:
To better understand what U.S. hospitals and health systems look for in successful relationships with third-party consulting firms, Healthcare Information Management and Systems Society (HIMSS) conducted a survey that found cost overruns, delays and scope creep (all indications of project failure) continue to plague the project work of consultants they hire. Read on to learn more about how the survey findings impact your consulting firm, and what you can learn from your healthcare clients.
The recently-released best practice guide to overcoming project and business performance challenges, How Consulting Firms Win – The Definitive Playbook, defines the most common areas consulting firms find competitive gains (project delivery, growth, profitability, and talent) to help your firm put its own successful plays into place. Whether you’ve just downloaded the Playbook, or you downloaded it recently and are having a tough time deciding the first performance area you’d like to tackle first, we would like to offer a few “get started” tips that might help you ease yourself in.
A year has passed since the Hinge Research Institute released their High Growth Study – Consulting Edition via live webinar with Deltek. This week, we released an all-new 2020 edition of the study, so we thought this would be an ideal opportunity to look back and see what’s changed. How has the consulting industry evolved since last year’s study? What do high-growth firms do differently to identify new growth opportunities? And what adjustments and achievements have those high performers made in the past year?
You know your business better than anybody. You know its people, its clients, its skills and achievements, and its hard-won victories and the things you’d do differently next time around. It is important to celebrate your wins, but you know it is just as important to the success of your company to look more closely at why you won, and how. Or why you might have lost a deal or how things may have turned sour on that one project. Read this blog post to learn tips about starting or perfecting your consulting benchmarking practice.
No matter what size your Consulting firm is you need a solid growth plan in 2020 in order to meet future goals. Here are 6 Tips from Consulting experts designed to help your firm grow.
Ever wish winning in the Consulting arena was as easy as referencing a guidebook? Read part 2 of this blog series and look no further. This series by the Hinge Institute gives an overview of “How Consulting Firms Win” – The Definitive Playbook, to bolster success in your firm’s next transformational business initiative.