Key Performance Indicators Leading to Success
To understand the ways in which you can increase profitability, look at the Key Performance Indicators (KPIs) by which a Professional Services business measures performance and success.
The central success criteria in any PSO are:
- The clients you have
- The people who execute your services
- The projects your people deliver
The Key Performance Indicators are centered on these areas. In addition, you need financial transparency across all of three areas to ensure success.
There are other criteria that are relevant, but these four are central to this solution offering, because these are the areas in which Maconomy has helped other clients achieve their goals. In the following figure, you can see how these four success criteria align with the most important KPIs of a Professional Services Organization.
- Related Topics:
- Focus on Clients
The first important KPI in terms of managing the top line is to ensure a steady stream of new order wins, both from existing clients as well as new clients. - Focus on People
The most important asset in any PSO is people. - Focus on Projects
Profitable projects are the cornerstone of a PSO. - Focus on Financial Transparency
Financial transparency is about ensuring that you have a complete overview of corporate financial processes and are in control of your cash position, which is expressed by your cash flow.
Parent Topic: PSO: Managing a Professional Service Organization