Key findings from 2014
High Performers and All Other Firms are equal in having an average of 36% of revenues representing top 3 clients. The percentage climbs to 45% for small firms and Architecture or Architecture/Engineering. In the large firm category, the percentage drops to 20%.
Another metric provided is where firms selected their top (3) challenges. In the above graph, over 50% of firms selected accurate project forecasting with over 20% selecting as their primary Project Management Challenge. 2014 saw Project Managers struggling, but not with difficult clients or projects. The top challenges included accurate project cost forecasting, collaboration and communication and inexperienced project managers.
Finance and Accounting
The Operating Profit Metric is displayed as a year over year trend. Firms experienced a 6% year over year growth between 2013 and 2014, with a very similar participant base in the study.
Staff Growth is compared to High Performers vs All other firms. What’s interesting is that in 2014, High Performers were adding net new staff at 3 times the volume that all the other firms were.
These are just (4) examples of the findings and metrics reported. There are many more.
Wondering what the results of the 2015 study will be? Please join us at one of our Clarity Tour events for highlights of the study and receive a copy of the completed report.
In addition, if you have specific questions or concerns, please feel free to reach out to me at (800) 438-6860 x711 or MariaVedral@SilverEdge.com.