What is project profitability?

Project profitability measures the financial success of a project by calculating the profit generated (revenue minus costs). It’s a key metric for understanding which projects contribute positively to your bottom line.

How can PSA software improve project profitability?

PSA software improves profitability by automating cost and revenue tracking, optimizing how resources are assigned, reducing billing delays, supporting better budget management, and providing real-time financial visibility.

What are the main challenges that impact project profitability in professional services?

The most common challenges include inaccurate project estimates, inefficient resource use, scope creep, billing inefficiencies, unmanaged expenses, and lack of real-time financial oversight across your project portfolio.

What are the key Project Financial KPIs to measure?

Important KPIs include Project Profitability (margin), Budget Variance, Resource Utilization (billable vs. total), Revenue Forecast Accuracy, Cost Performance Index (CPI), Schedule Performance Index (SPI), Work in Progress (WIP), and overall resource cost metrics.

How does Birdview PSA help track project costs?

Birdview captures labor costs through time entries and internal rate cards, and records project-related expenses as they occur. All costs are automatically linked to the appropriate project for accurate tracking.

Can PSA software help with revenue forecasting for projects?

Yes. Birdview PSA forecasts future revenue by using current project progress, billing milestones, and historical data. This helps firms project income with more confidence and plan ahead.

How does inefficient resource allocation impact project profitability?

Poor resource allocation increases costs (e.g., overloading expensive staff with admin tasks) and reduces revenue potential (e.g., missed billable hours, underutilized team members).

Does PSA software provide real-time insights into project profitability?

Yes. Birdview PSA calculates and displays up-to-date project profitability as costs and revenue are logged—offering full visibility into margins throughout the project lifecycle.

How does PSA software streamline billing to improve profitability?

Birdview automates billing based on time tracked, expenses incurred, and project milestones. Rate cards ensure accurate pricing, and built-in approval workflows reduce delays and missed revenue.

Can I analyze profitability across my entire project portfolio?

Absolutely. Birdview’s reporting tools and dashboards allow you to view profitability trends by client, department, service type, or project status—supporting smarter financial planning at scale.

Birdview PSA blog

Blog posts on professional services automation, project management, and resource allocation.

Professional Services

9 min read

Professional Services Resource Management - Ultimate Guide

Explore the intricacies of resource planning and scheduling, equipping you with the knowledge and strategies ...

Guide to project monitoring and control phase of project management

Project Management
5 min read
5 common resource allocation problems and how to solve them

Resource Management
7 min read
8 biggest challenges facing the Professional Services organizations in 2025

Professional Services
5 min read

Professional Services

7 min read

Boosting your bottom line: how PSA software improves project profitability

Boost project profitability with PSA software for services. Learn how Birdview PSA tracks costs, improves ...

Resource Management

5 min read

Strategies for effective resource allocation with PSA software

Master effective resource allocation with the Resource Manager's Playbook. Daily strategies & tips for balancing ...

Professional Services

5 min read

Rate cards: advanced strategies for varied models in Professional Services

Master advanced Rate Card strategies for varied billing models in professional services. Optimize pricing & ...

Resource Management

11 min read

5 best resource management software tools in 2025 (Expert reviews & recommendations)

Discover the 5 best resource management software tools for 2025, reviewed by experts. Learn how ...

Professional Services

8 min read

What is RAID management? A complete guide (with examples & tips)

Learn what RAID management is in project management. Discover how to track risks, assumptions, issues ...

Professional Services

6 min read

Project financial oversight for CFOs: how PSA software drives profitability

Discover how to track profitability, cash flow & costs in Birdview PSA.

Project Management

4 min read

The value of Canadian project management software: security, support & local insight

Discover the benefits of Canadian project management software: data security, local support & market understanding. ...

IT Services

6 min read

Managing IT projects in an MSP: streamline delivery, resources & billing with PSA

Empower your MSP with PSA software. Streamline IT project delivery, optimize resource allocation & simplify ...

Professional Services

6 min read

Accelerate the quote-to-cash process in professional services with PSA software

Speed up your quote-to-cash cycle and boost cash flow with PSA software

Latest News

Product News

1 min read

Birdview featured in Capterra Shortlist for Advertising Agency Software 2025

Birdview PSA earns a spot in Capterra’s 2025 Shortlist for Advertising Agency Software, recognizing ...

Product News

1 min read

Birdview is a top performer in Software Advice’s 2025 FrontRunners Report for advertising...

This recognition highlights Birdview’s continued commitment to helping agencies manage projects, people, and profits more ...

Product News

1 min read

Birdview PSA completes annual SOC 2 Type II compliance audit

Birdview PSA ensures enterprise-grade security, privacy, and reliability for all customers.

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Birdview PSA blog

Professional Services Resource Management - Ultimate Guide

Guide to project monitoring and control phase of project management

5 common resource allocation problems and how to solve them

8 biggest challenges facing the Professional Services organizations in 2025

Boosting your bottom line: how PSA software improves project profitability

Strategies for effective resource allocation with PSA software

Rate cards: advanced strategies for varied models in Professional Services

5 best resource management software tools in 2025 (Expert reviews & recommendations)

What is RAID management? A complete guide (with examples & tips)

Project financial oversight for CFOs: how PSA software drives profitability

The value of Canadian project management software: security, support & local insight

Managing IT projects in an MSP: streamline delivery, resources & billing with PSA

Accelerate the quote-to-cash process in professional services with PSA software

Latest News

Birdview featured in Capterra Shortlist for Advertising Agency Software 2025

Birdview is a top performer in Software Advice’s 2025 FrontRunners Report for advertising...

Birdview PSA completes annual SOC 2 Type II compliance audit