Projectworks Blog

Master the must-know terms—billable hours, utilization rates, and more—with this essential glossary!

Effective project cost management is the key to staying on budget and ensuring profitability. From estimating costs to handling scope changes, here’s how to keep your projects financially on track.

Revenue forecasting plays a necessary role in ensuring consulting firms can predict profit and loss, manage financial risks, and plan for sustainable growth.

Mark describes how he secured $10m clients over three clear phases.

Today, we explore the exciting opportunities and challenges AI brings to the accounting profession. We’ll also highlight the logical next steps accountants can take to thrive in this evolving landscape and build deeper, more meaningful connections with their clients.

Over the last few weeks, we’ve begun rolling out an exciting new look for Projectworks, and we’re incredibly proud to share it with you.

Big things are happening at Projectworks. Exciting milestones, new leadership, and a fresh chapter ahead.

Mark and Allen share how they used a simple concept to reinvent Nexient for even greater success.

Mark shares how he kicked off a new business pitch with honesty, authenticity and a measure of wit.

As the accounting industry evolves, many professionals are shifting from traditional tasks to offering strategic advice and insights.

Effective management of project expenses is crucial for staying on budget and ensuring financial success.

Did you know 22.3% of global time entries are submitted after the week they’re due? Discover an easy way to avoid this problem at your firm.

We’re incredibly excited to announce that Projectworks has been included in the 2024 Inc 5000, coming in at number 557.

Learn how our GM-structured model helped us scale beyond $130M.

Explore the top project management methodologies and find the best fit for your business.

Learn how to stop scope creep from derailing your project’s timeline.

Today, we explore the PMI's history, courses, and whether the ROI is worth it for your business.

Discover which North American consulting firm brings in the most revenue.

Unlock deeper project insights with the earned value (EV) method.

Engineering projects can be challenging to manage, especially when it comes to tracking time and resources.

Developer time tracking software is a critical for software teams providing their services to clients.

In this quick read, we’ll introduce you to Days Sales Outstanding (DSO).

Mark introduces his former client, Ben Krefting, who shares his experiences with consulting.

Key steps for conducting a social impact assessment to evaluate and manage your project's effects on communities.

In our latest article, we help you navigate risks and steer clear of costly surprises.

Your roadmap to delivering services with confidence and clarity.

Mark and Allen share how they transformed Nexient's weakest region into its fastest-growing in just one year.

After years of hard work and perseverance, real financial growth finally began to take shape.

Mark shares the surprising year-round effort of hosting an annual event.

Dan Broekhuizen joins Mark to share how they helped their organization communicate like grown-ups.

Mark shares how employing a senior member they couldn’t actually afford, was the right thing to do.

A guide to the essentials of Salesforce to help consultants maximize the software's potential.

Mark shares how agreeing to a new client’s requirements, meant delivering a substandard service.

Looking to hire the right consultants? Use our list of 58 consulting interview questions.

Mark reveals how he successfully organized a two-day corporate event for multiple clients.

Craft a unique identity for your consulting practice by highlighting what sets it apart from the competition.

Mark and his colleague share how they transformed Nexient into a consultancy, offering tips for future firm founders.

Mark shares an experience when he reworked the field team’s comp plan and ensured better teamwork.

Get all our pre, during, and post tips for attending Xerocon Nashville 2024.

Mark shares a 2017 experience when he had to plead his case to keep his job and those of many others.

Mark reflects on the thrill of making the NYT front page, even if the headline image wasn’t what he expected.

CEO Mark Orttung shares his experience taking a top client to Napa Valley and hosting them in a hospital basement.

Xero pulled out all the stops from impressive product updates to glam rock heaven.

Discover how to find the right talent, driving success for your consulting practice.

Overcome the unique challenges that can hinder engineering growth and efficiency.

Risk management is key for implementing new software on time and within budget.

Mark shares an experience when a project failed due to client issues, but he paid for it.

Add a touch of creativity and inspiration to elevate your slide deck.

Mark recalls when he received a wake-up call from a startup and business mentor.

Mark shares his experience with differentiating the newly named consulting firm, Nexient.

Unlock the secrets to growing your professional service firm.

When an internal debate about a company name triggered a legal situation.

Hear how two conflicting objectives would challenge Mark for the next seven years.

We are proud to announce that Projectworks has received several new G2 awards!

Discover which of the Big Four firms leads the pack in generating revenue.

A definitive guide to the world's top management consulting clubs.

Create a thriving team through empowerment, community building, and performance.

Explore strategies to help navigate the future of consulting, ensuring your firm is ready for what’s ahead.

How improving your soft skills can transform your accounting practice.

We’re delighted to share that Mark Orttung is joining Projectworks as our new CEO.

Matt shares his next move as a new chapter unfolds for the Projectworks team.

These top 10 professional services businesses symbolize the pinnacle of global success.

What kinds of businesses are professional services firms? Find out here.

Trust is developed through hundreds of small actions. Learn 25 ways to help build it.

The feast or famine cycle is one of the biggest challenges consultants face.

Measure your team's productivity by learning to calculate your project's utilization rate.

Interested in how to calculate your margin? We’ve got you covered.

The essential metrics that set apart and drive the success of thriving professional services firms from those that struggle to keep up in a competitive market.

Curious how your firm stacks up against the competition? This article is for you. Diving deep into what you should be measuring, and what the benchmarks are, you’ll leave this article with a fresh new approach to the way you run your business.

In a 2016 KPMG Global Transformation study, 96% of organizations reported they were currently undergoing business transformations.

Projectworks' new Head of Marketing Jacob Lawrie has built his career in high-growth organizations. Now he brings his leadership advice to our latest blog post.

PSA software is quickly transforming consulting firms around the globe. Read this article for a summary of what it is, who it’s for, and how it works.

Workforce management is all about managing, regulating, and distributing your team across projects.

Developed by a small team in New Zealand, WorkflowMax was revolutionary when it first emerged on the scene in 2007.

Azure DevOps is a Microsoft platform designed specifically to help design, build, test, and deploy software.

Discover simple tips for your consulting firm that can help you increase timesheet accuracy and efficiency.

Effective performance reviews are a critical component of any successful consulting team.

At services firms of any size, the efficiency of your team has a huge influence on your profitability.

In this article, we focus on resource management tools specifically designed to assist software consultants.

Struggling with resource allocation? This guide shares 8 tactics to optimize resourcing and avoid overburdening your team.

Large projects can add another level of complexity to a project manager's workload and create the need for better resource-planning strategies.

PSA solutions enable professional services organizations to manage their consultants and project delivery.

Running a streamlined consultancy can be challenging due to fluctuating client work and projects.

Resource management tools equip engineering teams with the power to succeed.

How to allocate resources at consultancy firms and examples of the best resource management software available.

To successfully navigate choppy economic waters, companies must leverage their most vital resource - their people.

Build a better architectural firm with project management software for architects.

This guide shows how integrating Projectworks with Xero can help you manage jobs, track time, and keep your financials in sync.

There is an art to getting the best out of your team. An organization that can nail its resource management has a crucial competitive advantage in the market.

Preventing revenue leakage is crucial for your firm’s success. This guide offers 8 tips to keep your billing efficient and your profits secure.

Unplanned leave can throw off project timelines and impact your business. This guide shows how to handle it effectively, so your team stays on track and clients stay happy.

Modern professional service businesses often need to manage a hybrid workforce. Whether your team members are working on-site, at home, or away at meetings, a reliable time-tracking app makes billing hours and attributing time to clients easy.

This guide explores the common challenges of resource allocation and offers practical tips to help you plan better, avoid bottlenecks, and keep your projects on track.

This guide covers practical tips to help you manage your resources and strengthen client relationships for better results.

Learn from experts Kalyn Ponti (KP) and Charlie Hughes from Humankind about retaining and attracting awesome people for your company.

To keep your projects profitable, it's important to measure burn, a key financial metric for professional services.

Mark shares how his team listened to corporate strategy by creating a mission statement that meant something.