If your business has just gotten a contract for a big project, you need to make sure that you are keeping track of everything that's going on in a way that will make sense. You don't want to miss a small part of any part of the project because it could turn around and hurt you a lot. There are various ways that you can do it.
One thing you can do is to hire outside consultants or contractors, such as a Deltek administration service. They can come in and help you by doing all kinds of things. For example, they could have someone come in to be the project manager to make sure that all parts of the project are being handled when and as they should be. They would also be able to handle any problems and keep everything moving on schedule. You could also have the consultants or contractors come in and help your staff learn how to do all the things that you are going to need to do in order to make this big project come off without a hitch. If you are going to start doing large projects like that frequently, then having your own staff trained in to do those jobs will make it easier for you.
Another option is to find a software suite that can help your business handle large projects like that. These software suites can run either onsite or on the cloud. The nice thing about being able to access it on the cloud is that your employees can access the information from wherever they are, which means that if they are in a meeting with the client at an outside location, your employee can pull up the most current project status and show them what is going on. Your employee can then make adjustments as necessary. The software can then make sure that everyone who needs to get into that part of the project is alerted to the changes. That way no one is going to miss anything important and your clients will be happy because they will be able to see what's going on and that progress is being made.
Huge, multi-step projects can be a great way to grow your business. But, the more steps that go into any project, the more complex it can become. You are going to need to have a way for your business to manage the project well.