Resource management challenges can be extremely hard to predict with multiple projects. Working out a plan and managing resources with multiple projects isn’t a cakewalk.
After the pandemic, organizations are careful with their budget. This has given rise to resource management issues.
Research cites that nearly 46% of team leaders believe that hitting project deadlines is their biggest problem. This usually happens when working with a large team size.
As seen in a report by Wellingtone’s 2019 State of Project Management, Resource Management has seen the second-largest spike with 30% of respondents. A project can go haywire without proper resource planning and allocation.
Managing teams, monitoring, and improving processes are the very essence that forms a solid Resource Management plan. Needless to say, all of these factors are connected to productivity.
Successful companies are always focused on achieving high customer engagement & satisfaction, technologically advanced products & services and increased profitability.And resource management sits right at the core of these 3 priorities with human resource management being the key focus point.Numerous resource management challenges lead companies to deploy integrated project and resource management system for holistic execution.Project and resource managers’ #1 challenge is to ensure resource productivity and timely project delivery.Having the right resources assigned to the project based on skills is most important.
Each project manager would want a lion’s share of the best resources for his project.This leads to allocation conflicts and becomes more territorial with inter-department issues if the organization doesn’t have a robust matrix culture.Resource managers have a tough time addressing project manager needs across business functions.Hence, it is important that resource allocation is done based on project priority.
Which project will fetch the maximum $$ or lead to a significant rise in market share, customer satisfaction or brand building.Integrated project and resource management will help to iron out such issues proactively and ensure efficient resource allocation across the organization.
And, the universal challenge is we all hate tracking our time.
And the second one being billable vs non-billable hours.These 2 metrics help identify our resource productivity and project profitability.Also, as project managers you know how your resources are performing w.r.t the project schedule.Most project and resource management systems offer non-intrusive time tracking capabilities with automated timers, time entries, timesheets and approvals for improved time management.Tracking spent hours also helps us to see how well are we aligned with the delivery deadlines as well as where are we spending most of our time.Identifying and reducing time spent on non-billable activities is a must practice to improve our processes, increase resource productivity and scale our operations.
Task Categorization and TrackingThere are going to be 100s of activities within a project.
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