Boil a large pot of salted water and cook orzo according to package directions until al dente; drain and set aside.
Season steak strips with salt, pepper, and smoked paprika.
In a large skillet, heat 1 tablespoon of olive oil over medium-high heat. Sear steak strips for 3-4 minutes until browned. Remove steak from skillet and set aside.
In the same skillet, add the remaining olive oil and shrimp. Cook for 2-3 minutes until pink and opaque. Remove shrimp and set aside.
Reduce heat to medium. Melt butter in the skillet and sauté minced garlic for 60 seconds until fragrant.
Deglaze the skillet with beef broth, scraping up browned bits from the bottom. Stir in heavy cream and bring to a gentle simmer.
Whisk in Parmesan cheese until the sauce thickens slightly.
Return the cooked orzo, steak, and shrimp to the skillet. Toss thoroughly to coat in the creamy sauce.
Garnish with fresh parsley and serve immediately.