Vision Performance Management – a set of BI tools to help service companies turn critical business data into understanding and knowledge
Project Connect – bi-directional integration between Deltek Vision and Microsoft Project
Question 1: Is the GovCon market still growing even in the midst of these tough economic times?
Answer 1: Yes, the sector is still growing. In particular, larger firms are experiencing better growth rates than expected, on the order of 10 percent.
Question 2: Are mergers and acquisitions (M&As) still top of mind with GovCon executives?
Answer 2: Surprisingly, not so much. Over 85 percent of large firms surveyed (those that do the most number of acquisitions) did not indicate any definite M&A plans in 2010.
Question 3: How mature is the project management discipline inside most government contractors even with the US Government mandates to keep projects on time and on budget?
Answer 3: The discipline is less mature than one would think. Only 11 percent of large firms thought that their project management was very mature, and the larger the firm, the more likely they were to report a lower level of confidence in their project status confidence.
Question 4: While it may seem obvious, do the larger, more technologically advanced contractors really have faster, more efficient business processes than smaller companies?
Answer 4: Actually, the answer from the survey was no! It turns out that large firms’ invoicing cycle is 12.6 days and the industry average is 9.8. Better yet, smaller firms’ invoicing cycle is four times shorter.
Question 5: In this new age of transparency, has the Defense Contract Auditing Agency (DCAA) adopted a more confrontational stance with contractors?
Answer 5: While it may seem that way–especially with plans to hire more auditors throughout the Government–surprisingly the answer is no! More than 83 percent of contractors that were recently audited said that the relationship was “good” or “excellent.” This last myth caused significant debate within the industry, and it will be interesting to see if relationships remain strong when the new auditors are hired.