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.
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:
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.
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.
Ever wish winning in the Consulting arena was as easy as referencing a guidebook? One that walked you step-by-step through the self-assessment and tactical plays critical to achieving Consulting greatness? Hear more about a new, actionable playbook for transformational business initiatives, How Consulting firms Win – The Definitive Playbook, and join the webinar to learn how to use it.
60% of small to mid-sized firms cite “differentiating our firm from the competition” as a top priority, but how exactly is that accomplished? Read on to learn the secrets to how some firms are able to achieve more than 20% growth year over year.
The 2019 High Growth Study: Consulting Edition uncovers some striking shifts in the consulting industry over previous years. "High Growth" firms (about 25% of those surveyed) experienced annual growth over 20% from 2016 to 2018. So, what’s their secret and how can you follow suit?