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 Management plays a pivotal role in any project business. If you have 100s or 1000s of employees to manage and deliver multiple projects, then resource management software is the single most important thing for your organization. Read about the tell-tale signs that you need to master the art and science of resource management. The … Read more
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
The goals, art, and science Whether your projects are time & material type or fixed price type, whether you follow the waterfall method or the agile method, allocating the right resources at the right time has emerged as the most important success factor. Even in projects with a higher proportion of material costs, the people … Read more
If your business depends on delivering projects on time and within budgets or completing internal projects on time and within budgets, you need full-fledged resource management software. A full-fledged resource management software is essential for enterprise resource planning. What is not resource management software? HR software that provides only recruitment, onboarding, and payroll functions is … Read more
Resource Management Software: There are tell-tale signs that all is not well with the way you manage resources needed for your project’s business. You may have managed the allocation of resources so far with spreadsheets or some home-grown software. So you might be thinking that you can continue in the same way, right? Not necessarily, … Read more
You have a good order book and resources. You have a good deal pipeline too. But you need to realize IT project revenues every week and every month to make them all count. You may be able to make up for the missed revenues, but your costs have continued to mount. How do you improve … Read more
Protect your profits by reducing or eliminating the gap in ‘as sold’ and ‘as executed’ costs of your IT projects. Your actual profit can be lower than the profit estimated at the time of bidding for many reasons. It could be because of the wrong estimation of resource-hours. Not considering travel costs could be another … Read more
In the first part of this two part series, we looked at various practices in project planning and resource planning and their impact on profits. We saw the ways in which profits can leak and how to prevent them using PSA the software. In this part two of the series, let us look into various … Read more
You know that resource allocation is critical for the success of your project deliveries. It impacts customer satisfaction and your profits. Resource allocation choices also trigger chain reactions that can impact profits and employee morale. This two-part series describes how the PSA software for IT companies helps in preventing profit leaks due to misallocation of … Read more
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