Category: Recommended Reading All
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What is Resource Management and its Importance?
Utilizing every resource intelligently is imperative for every organization as they are the most high-priced investments of any business. Moreover, organizations spend a lot of time and cost in creating the right talent pool. Therefore, when their skills and competencies are tapped to their maximum potential, it enhances overall efficiency and profitability. Resource management has…
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Resource Management: A Comprehensive Handbook for Project Managers
1. What is Resource Management? Resource management manages business resources efficiently and effectively to get the best value out of them. These resources can be human resources, assets, facilities, equipment, etc. Efficient management process centralizes the data into a single repository and provides a single version of the truth. The components include resource scheduling, resource…
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The Ultimate Guide to an Efficient Resource Management
Resource management is the missing piece of the jigsaw puzzle that holds the business together. It has evolved as an independent discipline that can significantly improve a business’s profitability and sustainability. Key elements of this This comprehensive guide is the culmination of everything you need to know about resource management. It covers its evolution, benefits,…
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Experience the Feature of Resource Management Software
Over the years, resource management has evolved resource allocation and maintaining records into an independent discipline that revolutionized workforce optimization for business efficiency. Similarly, the market also witnessed the evolution of resource management tools from spreadsheets and home-grown solutions into futuristic resource management software. Curated by industry experts, this eBook throws light on the transformative…
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Significance of Resource Loading in Project Management
Uniform allocation of workload is imperative to maintain resource health index and ensure completion of projects within time and budget. Over or under-allocation of the workforce can lead to a loss in employee productivity and restrict the project’s progress. Resource loading is therefore a critical project metric and has a major impact on the project timeline. For instance, you are required to schedule a…
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Resource Forecasting Guide for Project Managers
Managing resources in professional services firms is crucial for maintaining sustainability and achieving anticipated employee performance goals. Without the right tools and techniques, many resource managers rely on approximation and guesswork. In the dynamic business environment, businesses need accurate estimations for timely decision-making and futureproofing workforce against market volatilities. It helps managers answer questions like: Do…
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What is Resource Utilization and its Significance?
Scaling up, achieving the strategic goals, and diversifying the portfolio to maintain a competitive edge are some of the major aspirations of an organization. The decision-makers hire the best talent across geographical boundaries to attain the same. However, assembling the right team is just the first step. To sustain the growth and profits you aim for, utilizing your workforce and their expertise to the maximum potential is imperative. According to…
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Signs of resource underutilization and (how to) course correct them
Resources enhance operational efficiency, and therefore, they are significant investments for any business today. Unless these resources are utilized to their maximum potential, organizations fail to generate the desired ROI and meet their business goals. Measuring resource utilization is especially beneficial in the professional services industry. It enables managers to evaluate their most valuable asset – ‘the people’…
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Billable hours in Consulting: What you should know
Organizations turn to consultants for assistance in the areas such as venturing out for new business, solving critical problems, introducing new operating procedures, or acquiring niche skills. Consultants are subject matter experts who provide business advice or even operate alongside the organizations’ workforce, depending on clients’ requirements. Moreover, they can work with higher efficiency than…
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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…