Encountering a misaligned resource planning, untimely project delivery and less utilization of resources is a common issue that most of the organizations confront on their daily basis. As per the recent survey report, high-performing organizations successfully complete 89% of projects, while low performers only complete 36% successfully and a major reason is that the low performers do not have a proper resource management in place.
In today’s environment, companies are under increasing pressure to deliver innovative, technologically advanced products and services with shrinking budgets. As a result, resources must be fully utilized and focused on the highest priorities at any given time. Businesses need to learn how to retain talent and optimize resources so as to improve their profitability levels, streamline costs as well as visibility. Managers often do not always consider the fundamental differences between groups and teams, which leads to unrealistic goals and resulting in a delayed delivery and unsatisfactory outcome. EyeAgile’s Resource Management emphasizes on organizations to simplify planning and use these resources by providing tools for achieving the balance between project requirements, schedules, availability, and optimization prospects. The ultimate necessity is to monitor the utilization of resources across the portfolio of projects enabling organizations to proactively manage resource utilization, identify bottlenecks early, accurately forecast resource needs, and improve project selection and timely delivery.
Here are the five key benefits of optimizing organization’s resource management process with EyeAgile’s Resource Management:
With effective resource management in place, it would facilitate in easily assessing how well utilized the organization’s resource pool is on a scheduled basis and helps to make it certain that the valuable and efficient resources can balance the workload simplifying operational processes and thereby increasing the revenue.
Each project plan needs to have resource planning in place that contains different aspects of resource requirement, allocation, and utilization from the start to the end of the project. In the resource plan, a project manager can create a hierarchical list of the resources needed for the completion of the project.
Improves project delivery
Estimating the requirement of internal and external resources is one of the first steps in project resource management. Active estimation is required for each task within the project so that deployment of resources can take place in the most efficient manner possible and help in project delivery improvisation.
Resources can always have conflicts which might have an impactful effect on the revenue of the company. And this can result in reduced customer satisfaction, thus EyeAgile’s Resource Management facilitates in resolving conflicts by tracking resources, balancing their workload and spotting any conflicts.
With EyeAgile’s Resource Management, the accountability of the resources gets increased since each and every resource is effectively tracked thus the project managers can trace and check the status of each and every resource thereby increasing their accountability.
Thus, the right resource management solution facilitates in removing and eliminating common issues related with poor resource planning like lack of visibility of who is doing what and a lack of understanding of the talent of the resource, conflicts are left unresolved, projects risks are increased and overutilization of resources also takes place. However, with EyeAgile’s Resource Management, organizations can effectively plan, schedule and allocate resources and execute each project phase with precision thereby increasing revenue and spinning the profits in the organization’s favour.