5 Ways Business Intelligence Can Boost Your Resource Management Skills

Efficiently managing resources is one of the key challenges for service organizations. Not only are you trying to manage a range of projects of varying sizes and complexity, you’re trying to manage the pipeline of incoming work as well. Resource management is only one element of managing a successful service organization, but as resources are one of the largest expenses for companies operating in this space, resource management is crucial.

Digital Transformation and Harnessing the Power of the Modern Distributed Workforce

Over the past decade, the global workforce has evolved substantially, and it is accelerating. The drivers of this evolution are manyfold. The global competitive landscape is relentless; there are generational shifts giving rise to different work modes and behavior; the pace of technology acceleration seems unstoppable; and business has gone through a dramatic digital transformation requiring companies to have a more fluid, agile workforce model.

2019 Business Intelligence Predictions: What We Have To Look Forward To

It’s that time of year once again when we pour over industry analysis and predict what the coming 12 months might bring. Today, it’s Business Intelligence’s turn. We’re looking at trends in the world of Business Intelligence (BI) and what these mean for your organization.

The Top 6 Pressures Facing Services Firms Blog Series: Remote Teams and Subcontractors

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.

12 Innovative Examples of Project Management Software

Project management software (PMS) helps companies more effectively manage both day-to-day and long-term projects by providing crucial insights into the lifecycle of tasks and availability of resources. Together, these elements help businesses execute project strategies for improved employee utilization and greater profitability.

Full-Time vs Contract Workers at Your Services Firm

Success for a services organization hinges on making the right hiring decisions. Your services firm can set itself up for consistent success by making the right choices in who to hire, what skills to look for during the process, and when to choose between full-time employees and contract work.

Is Your Company Working with a Hairball Infrastructure?

Clients consistently demand more from services firms, including faster time to completion, more specialized projects, and a wider variety of services. In response, firms today are quickly adopting new applications to keep up with rapid changes in their industry and increase customer retention. With focus on keeping pace with modern demands, these fast adoption strategies may not take proper software integration practices into account, resulting in data silos.

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

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.

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