What is Resource Management in PPM?
As a business owner you manage so much more than just teams of people. You manage workspaces, tasks and financial resources. It can be quite the balancing act. When you’ve got lots of plates spinning, it’s difficult to keep them all moving in the right direction.
Most importantly, you need to know at a glance where resources are and how they are being over or under-utilised. You should also be able to handle changes in work capacity vs demand.
Ad-hoc changes or project delays are often a result of not having the right information to hand at the right time. That’s where effective resource management comes in.
In this guide, we’re looking at exactly what resource management is and the role it plays in driving successful project and portfolio management (PPM) – particularly for financial management.
Resource Management refers to a set of tools, strategies and techniques used to actively allocate resources within a project, program or portfolio. You can easily manage multiple workspaces, teams and projects from a single platform.
With the right approach and tools, project and resource managers can make sure that the best people and assets are in the right place at the right time. You can ensure that the most important projects start and finish without issue.
What does PPM resource management include?
- Team Management: Ideal for the hybrid work environments or cross-departmental projects, you can see at a glance who is available and has the right skills for the task. You can track their progress, and quickly identify project bottlenecks that need addressing.
- Financial Management: Clarity resource management software was the original solution to connect resources and finance. Most enterprise-level projects will have an allocated budget. With financial management, you can easily set budget parameters and see how your investments are performing. With just a few clicks, you can scale your budget up or down for a project.
- Resources: Aside from employee skills and monetary resources, you may have physical assets that need managing – such as technology, equipment and workspaces.
How can this help your business?
Resource management in Clarity keeps everything clear and in one place. Even the most complex of projects can be managed through this digital software. Project management becomes more efficient and project completions more successful. Being able to also monitor and manage financial resources makes it easier to stay on budget and on track for success.
Clarity was the first PPM tool for enterprise business. Ignite Technology are expert Clarity PPM consultants who can help you complete more successful projects with less effort.