The majority of consulting firms do not have a clear insight into they realistic number of billable client hours. 45% of managers on projects have deepinsight into what their team members do, and how efficiently they work.Only 10% of consulting firms use some type of consultant time tracking.45% of consultants do not have evidence about billable hours per consultant and project.About 61% don’t have insight into a reliable margin per each project.More than 50% of consultants do not have evidence about cost allocation per project. Over 56% of consultants do not track profitability per client.At Time Analytics, we frequently organize focus group discussions with consultants in order to discuss their problems in business operations, and how they might improve their KPIs. Operational challenges in the consulting industryīecause of the dramatic changes in the business industry since the pandemic, it makes sense to conduct in-depth research about both critical movement and internal challenges of the consulting industry. They are refocusing their efforts not only on how to best serve their clients, but also how to make sure their internal operations are sound. Businesses both small and large have been scrambling over the past few years to adapt. The landscape of business is changing rapidly.
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