Time Is Money: How Project Management Can Make Or Break Your IT Business

By Geoff McQueen, CEO, AffinityLive

Professional services firms are rapidly growing and show no sign of slowing down. According to data from the Bureau of Labor Statistics, professional services firms accounted for 29 percent  of all new jobs in April in the U.S.

Growth for these firms means more clients, increased revenue and greater competition to attract quality talent to their teams. While these are welcome consequences of growth, it can also be dangerous for professional services firms unless it is carefully managed. It’s easy to get caught up in the thrill of landing that big new account or moving into a nicer and bigger office, but pressure on systems (you’re too big to manage with a spreadsheet and whiteboard) and finances (bigger projects cost more when they go over budget, and you're already spending a lot on new people) can cause a company to break — permanently.

Here are some tips for professional services businesses to help manage workflow in times of growth and to ensure happy clients.

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