Barry MuirManaging a portfolio of projects with a limited pool of resources is a rollercoaster ride. No sooner do you have the skills capacity nicely balanced with demand when a new project arrives, seeking resources that are already fully-committed. Where the projects are for external clients,
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Barry MuirInnate is currently implementing its resource management software with a major US based engineering services supplier. They have a wide range of engineering, environmental and construction projects, each of which require staff with particular combinations of skills and experience. Their President has challenged his resource managers to dramatically improve the project resourcing service that they provide to their project managers,
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Barry MuirMany projects fail to meet their expectations, not only when the deliverables are examined, but also in their costs and timescales. Too often the project estimate is wide of the mark because the project’s risks turn out to be greater than expected.
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Barry MuirAs new projects emerge, resources get allocated and project teams are formed. Often the source of these teams are departments that need to manage other tasks as well. For effective Team capacity planning, each team must efficiently manage their incoming tasks.
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Barry MuirSenior managers in project-based organizations need to know their team’s current workload and the planned utilization of their staff. They also need to be sure that they have the capacity when committing to new project delivery dates. Suitable processes backed up with resource management software must be in place if acceptable multi-project resource management is to be achieved.
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Barry MuirNo sooner is the new project plan signed off than something changes. A project plan is simply an estimate of the work required to achieve the project ‘s goals, spread over what is hoped to be a realistic timescale. Yet,
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Barry MuirManaging your multi-project workload with a limited pool of resources makes for an exciting ride. Whilst there must be sufficient spare resources on hand for emergencies, too many just sitting on the bench will quickly impact your utilization targets and can rapidly erode profitability.
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Barry MuirThe need to improve the UK’s productivity post Brexit is back on the Agenda. David Smith, the respected Economics Editor of the Sunday Times has published a piece arguing that Improving productivity is essential to survival in a post-Brexit world.
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Barry MuirAs the dust temporarily settles on the Brexit referendum, uncertainty reigns. Although pro Brexiteers see only a silver lining and no sign of project fear’s downturn, many businesses remain wary and are reviewing their investment decisions. Should non-essential projects proceed as planned or be put on the back burner?
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Barry MuirFinding people with the right mix of skills and experience is crucial to each project’s success. Resource management tools enable project managers to define what they are looking for, but the differences in how businesses are organized have created a variety of resource allocation processes.
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