PSA Financials & Revenue

As any delivery leader knows, the most important determinant of a project’s success is resource management. In fact, 9 out of 10 delivery leaders would agree on this point.

All professional services organizations (PSOs) share a ritual at the month-end.

Any successful project delivery hinges on intelligent resource management, which has come under significant strain since the pandemic altered established paradigms, resulting in trends like the Great Resignation and Quiet Quitting.

According to the Business Research report, the global professional services market has grown exponentially, from US$6040.91 billion in 2021 to US$6697.

Revenue forecasting is critical for businesses across industries. Accurate predictions enable an organization to set rational goals and improve resource utilization.

Regardless of size or industry type, there is always a threat of revenue leaking away. The revenue sipping out often goes unnoticed making a major impact on productivity and growth of a company.The blog talks about what, why and how you can identify, prevent, and stop revenue leakage in professional services business.