Project-based Businesses

Project-based companies run projects for external clients as well as for traditional service-or product-oriented companies. It involves grouping employees into teams to complete a project. The company determines the scope and budget of each project based on an estimate of the labor and materials needed to deliver the customer specifications.

As a Microsoft Gold Parter with over three decades of industry experience, we realize that the challenges faced by this line of business are different from those witnessed by product-focused companies. Companies often struggle to set the right scope for projects, allocate the right resources, and effectively execute. The other challenges that project-based businesses must overcome to capture the full margin potential are:

• Tracking expenses related to people, customers, projects, etc.
• Delayed or late projects which affects the long-term ROI of the business
• Dependency issues in case of shared equipment, people, deliverables, and resources
• Overlapping projects competing with each other for people and resources
• Fragmented planning leading to inability to manage multiple projects with ease
• Outdated tools that affect productivity and collaboration

Project-based companies, therefore, need to invest in technologies that provide a more holistic view of the company’s processes along with project management practices and features. In other words, they need a Solutions Partner who can look into their IT Infrastructure from a business perspective.