Agencies run a tight ship, carefully balancing the need of their clients, the continual cycle of new projects and the resources required to keep everything running smoothly. Oftentimes, even the most successful agencies can be affected by resource management mistakes, creating unnecessary costs and project delays.
Since the COVID-19 pandemic, companies around the world have embraced remote work for the health and safety of their teams. However, offices still play a role for many businesses and provide a central hub. While the future is not set, it’s likely that the changes created by the pandemic will have lasting effects on how teams work, with many surveys showing that a remote work option will be desirable well into the future.
The world of online collaboration and communication has become an increasingly important aspect of every business, driven by the switch to digital files and distributed workforces. Whether you are working completely remote, in a centralized office, or a combination of the two the COVID-19 pandemic has made online collaboration even more critical to the success.
The COVID-19 pandemic has created new challenges for businesses around the world, forcing companies to adapt to new work circumstances and revealing processes that no longer work in this new way of doing business. It has also exposed weakness in the technology solutions that companies have depended on for years.
When a team member is hired, it’s most often to fill an open role or provide specific skills that are necessary for success. Whether in a management position or an individual contributor role, a person’s experience and capabilities are typically far greater than what is required for their role.
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.
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.
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.
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...
This is part 2 of a two-part blog about how your business can improve client experience (CX). Read part 1 on communication and consistency here.