The Top 6 Pressures Facing Services Firms Blog Series: Short-Term, Project-Based Work

The services industry is experiencing new types of pressures that are changing businesses around the world. In this blog series, we will examine the six major pressures facing services firms today, their causes, and how you can successfully respond.

How an Operational System of Record Enables Full Cycle Resource Management

Effective resource management requires continual iteration and optimization for companies to better understand how they can make the most of their workforce. Using a strategy known as Full Cycle Resource Management, businesses can continually understand and improve resource utilization, no matter the industry.

The Importance of PTO Planning

The holiday season is here and businesses everywhere are preparing for the impact of paid time off (PTO) on the availability of their workforces. While the end of the year highlights the toll PTO can have on business operations and profitability, companies are affected by holidays, vacation, and sick days all year round.

Secrets of Success for Professional Services Leaders

Becoming a leader in the professional services field requires adaptability. Learning from today’s high-performing services businesses and tailoring their winning strategies to your own unique challenges and goals is key. Mavenlink’s 2018 State of the Services Economy Report surveyed 576 executives from different service-centric industries to better understand how businesses both succeed and fail in today’s market. High-performing services organizations, those who reported achieving 91-100%...

4 Tips for Conquering Resource Management

For those leading a Professional Services organization today, it may come as no surprise that seven of the top ten business challenges that peers expressed in the 2018 State of Professional Services report are linked to the topic of resource management. Another recent professional services industry study conducted by market research firm, Research Now in conjunction with Mavenlink, found similar results with the challenges of “forecasting resource demand” and “managing unplanned change”...

4 Resource Management Practices that Improve Business Agility

Historically, services organizations have managed the planning and scheduling of resources through informal ways, where tribal knowledge is a critical element of the process. For example, resource planners often have years of history and close working relationships with many personnel, with conversations across the office, email, unintegrated point solutions, and spreadsheets most commonly used.

5 Tips for Improving Resource Utilization

Growing your service-sector business in a sustainable manner is a top priority. You’ve hired the best talent to help you achieve this important goal. The trouble is, for the growth to be sustainable, effective resource allocation and utilization is a must, yet this may not be your strongest suit. To reach your goals and maintain a lead in your market, it is vital for to you understand the significance of improving resource allocation and utilization rates for your specific business. We’ve...

The #1 Challenge in Resource Management (According to the Experts)

Resource management is a complex practice that continues to challenge even the most sophisticated of companies and experts. The many moving parts involved in a project from inception to completion makes the practice extremely fluid and hard to predict.

Introducing Full Cycle Resource Management

In services, success relies on getting the resources with the right capabilities, on the right assignments, and at the right margins. Effectively managing this process is important for client satisfaction and successful project delivery. It is also extremely valuable. 

7 Capacity Planning Steps to Avoid Project Management Nightmares

Most individuals think of capacity planning in terms of supply and demand in product-based industries; it equally applies to service industries and is a critical component of project management. Here are some steps companies and project managers can take to avoid nightmares.

Five Tips for Managing the Remote Workforce Like A Boss

Remote work is becoming the norm rather than just a buzzword in 2017. Many organizations are realizing that as the economy evolves alongside technology, the workforce is experiencing some major shifts as well. 

Understanding Project Metrics: Total Availability by Month

In services, there is a constant struggle to manage supply vs demand.  A few questions to consider: Do you have the number of resources required to complete your work, and can you successfully handle taking on more work? 

How to Solve Three of The Most Common Resource Management Challenges

Unlike companies that produce and sell products, service organizations make money by billing out the time of their resources. As a result, people are usually the largest expense for a services firm, as well as the biggest risk.

The Surprising Truth About Employee Turnover

Employee turnover is a major issue, especially at small to mid-sized companies where the cost of losing employees is a lot to bear. Retaining employees means ensuring their success within your organization.

The Third Phase of the Resource Management Lifecycle: Execute

The Execute Phase of The Resource Management Lifecycle begins the moment that the project is won, the resources are scheduled, and a project plan is set into motion.