Category: Guides
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How to Measure Different Types of Resource Utilization
In the modern business landscape, resource utilization is a key performance indicator. The businesses strive to achieve optimum utilization of their workforce to enhance profitability. It is crucial to the firm as it has a direct impact on their bottom line. However, it’s not as simple as it seems, especially in the case of multi-faceted…
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How To Track Resource Utilization?
Growing the business and services is the topmost priority for every organization. Simply adding resources to projects does not guarantee productivity. They must be effectively utilized on billable or strategic work to get maximum efficiency of the resource. Many cost centers set a minimum utilization target for the resources that are used during performance appraisal.…
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How to Measure Resource Capacity and Demand
An organization’s growth thrives on talent and competencies of resources. With ever-increasing competition and demand for valued talent, leaders need to stay atop their game and utilize their workforce optimally. Resource cost being the most significant investment across the globe; leaders must implement resource capacity planning. It will allow deploying their resources efficiently and intelligently. It is true, especially when businesses…
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How to Manage Resource Effectively with Precision
Organizations acquire a talented resource pool that can lead projects to success, but is that enough? One should not overlook the importance of managing resources effectively as it is the key to achieve the desired success. Without efficient resource management, the workforce will only end up making efforts without getting the desired results. For example, the workforce…
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How to Select the Best Resource Management Solution for your Business
Many traditional applications, such as ERP, PPM, CRM, HR, etc., capture resources and project-related data for its working. However, they were never designed to address the entire resource management life cycle. A dedicated product around Resource Management solution represents the missing piece of a Jigsaw puzzle in this packaged solution ecosystem. Of late, many software vendors have…
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What Is Resource Booking and How Drag and Drop Makes It Effective?
Resource booking is a critical function of project management. Some of the activities, such as juggling members between existing projects or assigning resources to new opportunities before getting rolled off, comes under resource booking. Before the project kicks off, the project manager estimates the type and quantity of resources required for completing the delivery. This requisition goes…
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The Comprehensive Guide to Resource Capacity Planning
Businesses are facing a highly competitive and volatile market demand across the globe. Resource costs are one of the most expensive entries in any organization’s balance sheet. So, a modern business must utilize its scarce resources most efficiently and get the best value. Many organizations do not have a dedicated resource capacity management tool. They…