8 Reasons Why Organizations Should Not Use Excel for Resource Planning

At a glance• Resource planning is a collaborative, iterative, and distributed operation• Microsoft Excel, is a personal tool• Resource planning using Microsoft Excel wastes managerial time and slows down decisions If your business depends on 100s or 1000s of knowledge workers to deliver projects to customers, managing them well is your major challenge.  How well you keep your … Read more

What is Revenue Leakage: How to Calculate it and Ways to Stop it

At a glance·       Revenues leak due to many reasons·       Revenue leakages can be prevented only by a single logical method·       A single version of the truth enables meaningful collaboration Let’s face it. If executing projects is difficult, project financials are messy. Every project brings its own set of deliverables priced differently. Every project contract has … Read more

What Is Operational Workforce Planning and Its Importance?

Deploy the battle-ready workforce         At a glance·       “Quiet quitting”·       Planning steps·       Assessing people·       Why operational workforce planning is important·       Enterprise-class software platform for workforce planning Strategic workforce planning is like keeping your gunpowder dry, keeping it battle-ready. You need to put it to good use, or else it will lose its power. For this, … Read more

What Is Strategic Workforce Planning And Why Is It Important?

Keeping your gunpowder dry  At a glance·        The goal·        Questions that need to be asked and answered·        What strategic workforce planning is·        The benefits  ·        The tools you will need if you have 100s or 1000s of people Your goal is to keep your workforce -your most important strategic asset – battle ready. It’s like … Read more

What is the right time for IT companies to look for Professional Services Automation Software?

At a glance• Headwinds for the IT industry• What is PSA Software• Symptoms that indicate the need for digitalization and integration Is your company facing headwinds like tight customer budgets, stagnant employee productivity, and attrition? Is managing 100s or 1000s of talented people a challenge? You may have heard of Professional Services Automation (PSA) software … Read more

How IT leaders Can Harness Digitalization To Manage Attrition -Part 2

Addressing Specific Root Causes  At a glance• Root causes of attrition• Many root causes are outside the ambit of HR policies• Your leaders need digital tools of PSA software to stem attrition In the first part of this series, we discussed how the leaders of IT companies can use the PSA software-based digitalization technology to … Read more

How IT leaders Can Harness Digitalization To Manage Attrition -Part 1

At a glance• Managing attrition and improving productivity are leadership challenges• Different types of attrition• Digitalization provides tools to manage attrition• Top leadership needs to seize the initiative Attrition has always been a major business issue for companies that rely on talent. In the past, companies could stem attrition through a combination of pay and … Read more

Resource Allocation for Successful Project Management -Part 2

The goals, art, and science In the previous article in this series, we saw that the resource management function is very critical for your project business. We described what roles your resource management group (RMG) plays in meeting your organization’s goals. Indeed, the majority of persistent issues like revenue and profit leakages, subpar quality, attrition … Read more