Heartwood Consulting Advises Businesses How to Prevent Project Cost Overruns

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A new whitepaper from Heartwood Consulting in Vienna, VA explores how steps taken at the outset of a financial, IT or business process improvement project can lower up front and on-going costs — including dependency on costly consultants. Whitepaper includes real-world examples of dramatic savings.

According to a whitepaper just released by Heartwood Consulting, Inc. (http://www.heartwoodconsulting.com), doing the right thinking up front helps businesses dramatically reduce the risk of having financial, IT and business restructuring projects result in cost overruns and over-dependence on costly consultants. Available now for download at the Heartwood website, the whitepaper maps out simple steps businesses can take to define the specific level of reporting and predictive insights they need and then use those parameters to make decisions about everything from systems and project management to negotiating both upfront and ongoing support costs.

“With today’s transparency and tight budgets, no executive wants to be responsible for a project that is costing more, taking longer and delivering less than expected,” says Heartwood Consulting president and founder Justin Paulson. “That’s why getting the thinking right up front is essential to reducing costs and risks.” The whitepaper, authored by Paulson, maps out four best practices proven to help executives not only control project costs, but attain the right functionality to achieve their specific goals.

The best practices defined in the new whitepaper are drawn from the decades of experience Heartwood’s consultants have earned helping clients do the right thinking up front to solve problems relating to business strategy, accounting, finance and IT. The firm’s newly re-designed website includes further examples of the results that can be achieved by getting the thinking right. For instance, this approach helped a client save $10 million in capital investment within eight months of implementing a new Program Management function and IT portfolio management system. This same upfront thinking also increased the number of healthy IT projects in the enterprise by 70%.

In a new video, Paulson and fellow Heartwood consultant Neil Smith offer further insights on how the radical changes in today’s economic and business climate create situations so new that best practices don’t yet exist. “Unless you do that solid upfront thinking,” Paulson notes, “you risk spending time and budget on a project that won’t wind up solving the right problem to deliver the results you need to see.”

ABOUT HEARTWOOD CONSULTING, INC. Headquartered in Vienna, VA, Heartwood Consulting guides senior executives in asking the right questions to reduce risk, assure compliance and get out in front of a rapidly changing economy. From that point, the firm provides the expertise to execute financial, IT and business restructuring projects that deliver everything that’s been promised upfront.

CONTACT

Justin Paulson, President
Heartwood Consulting
8000 Towers Crescent Drive, Suite 1350
Vienna, VA 22182

Phone: 703-483-3553
Fax: 703-483-3553

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