Calculating resources in project management is one of the primary skills for a project manager. It depends on not only understanding project scope and needs, but also having detailed knowledge of how each team member performs, how the team performs together, and the typical feedback loop between team and client. Making an accurate prediction can be complicated but is important not only to bid the project accurately, but also to effectively plan for and execute a project.
CORE Business Technologies is a single source vendor that provides clients with world class in-person, self-service, and back office processing on a single platform. Find out how Mavenlink helped CORE improve their billable utilization and team productivity through critical resource management support.
The four stages of the project management lifecycle are initiation, planning, execution, and termination. The project management lifecycle is the predictable series of stages it takes to complete a project. This lifecycle acts as a high-level checklist for project managers, helping to detail which steps are necessary to successfully initiate, execute, and close a project.
Since each company and each project is different, the different steps in each stage of the project lifecycle vary based...
When it comes to setting goals in project management, many people think of goals related to keeping a project on time and on budget. While there is a lot that goes into keeping a project within those constraints—there is so much more to project management than just time and money.
In this article, we will discuss using project outcome goals to help make individual projects more successful, which will also increase the value of your work, and which project management performance goals will...
Client Success: Health Catalyst Improves Business Processes and Increases Consistency in Project Delivery with Mavenlink
Health Catalyst is a leading provider of data and analytics technology and services to healthcare organizations. Learn how Mavenlink helped Health Catalyst improve their project insights and resource forecasting through successful project management.
When it comes to resource management systems, project managers have several tools available. From simple homegrown systems using spreadsheets and calendars to robust resource management software platforms, the options are endless.
When it comes to choosing a project management methodology, most organizations find themselves being forced to choose between Agile project management and a traditional project management method, such as Waterfall. While each of these strategies have their strengths and weaknesses, many team members have a preferred approach.
Resource management is the process of determining which resources are needed, in what quantities, and when, to complete a project. This process not only helps to determine how projects will be completed but also helps to predict the costs and timeline associated with the project.
Below are 7 steps and 4 tips for creating and presenting an effective resource management plan.
As a worldwide leader in project and resource management, Mavenlink is continually updating our solution to provide value to you and deliver an exceptional client experience. We are pleased to share the latest additions and improvements to our product.
Implementing and retaining new business solutions can be difficult for any company that has established their own way of working. However, no matter how successful your company may be, the time will always come when outdated methods are in need of revision or replacement.
Understanding what a project proposal is, why it’s important to your business and your clients, and how to approach a project proposal successfully can help you more effectively write and deliver a project proposal.
For years, companies across all industries have contended with and grown through the era of digital transformation. This era of transformation was focused on moving from outdated systems onto modern digital platforms designed to support organizations in ways that weren’t previously possible. However, the era of digital transformation doesn’t simply end when the majority of companies have completed that transition.
While resource management can sometimes feel time-consuming or intimidating to undertake, this stage of the project management process should not be taken lightly. The accuracy of your resource management not only dictates the timeline of the project but also the project’s profitability.
Keeping an employee effectively engaged and well utilized is a tricky balance. Underutilization can quickly reduce a company’s profits, while overutilization can wear out an employee and cause him or her to look for a new job. As employees work for a single employer for longer stretches of time, the likelihood that he or she will experience burnout increases.
At a glance, the objective of resource management seems like it’s all about planning and tracking resources used to complete a specific job. But in reality, resource management is about so much more. When used properly, resource management also has the ability to improve profitability, prevent overscheduling or under-scheduling resources, better predict job costs, make more informed hiring decisions, and improve the scalability of your company.
But to understand the breadth of resource...