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4 Huge Problems that a Resource Planning Tool Solve

4 Huge Problems that a Resource Planning Tool Solve
By Patricia Goh

For the communication, ease-of-use, integrations and accessibilities, you are not only taking better care of your business but also taking better care of your employees. The best part is that it doesn’t stop here, with the constant development of technology, you are looking at more and more issues being addressed by your trusted resource planner.

Significant Improvement by PM software

Figure 1: Significant Improvement by PM Software

Infographic Data

This infographic shows the relationship between success and project management softwares. It is found that 77% of companies use project management softwares and 87% of high-performing companies use project management software. The business aspects significantly improved by project management software are team communication, final product quality, project that met budgets, projects that met deadlines and customer satisfaction. The distribution of these aspects are quite even, with team communication taking up 23.42%, final product quality, project that met budgets and project that met deadlines at 19.82%, and customer satisfaction not too far off at 17.12%. Read the Complete Article

Why Do Projects Fail Miserably

Why Do Projects Fail Miserably
By Patricia Goh

Project management tools are great for the use of one single project. But with multiple projects in hand? That requires more than brains and skills to juggle. Multi-project management calls for a good resource planning tool. When using a resource planning software, you are allowing yourself to focus on the project in a more efficient way.

A whopping 90% of projects costing over $10 million fail. Why is that? With the amount of resources and budget available to these projects, why do most fail so miserably? Just this year, the PM Institute published their statistics on the top contributors to large IT project failure. Of which the four main categories of reasons were unclear objectives, unrealistic schedule, shifting requirements and unaligned team.

Top contributors to large IT project failure

Figure 1: Top contributors to large IT project failure

All these reasons trickle from one common factor – leadership. A project leader or manager is required to have everything regarding the project inline. Read the Complete Article

Is Resource Planning Only Useful For Big Companies?

Is Resource Planning Only Useful For Big Companies?
By Patricia Goh

Tying in to the project success rates in small and large projects, we will answer the following questions in this post: What is resource planning? Why is resource planning useful? Why do big companies plan their resources? Do small companies need to resource management too? What’s the best resource management software that is free?

Project Success Rate by Project Size

Figure 1: Project Success Rate by Project Size

Statistics have that small projects with a budget of less than a million dollars have a 76% success rate as compared to the 10% success rate of large projects with a budget of more than ten million dollars. Large projects have a 38% failed rate as opposed to the 4% failed rate in small projects. And even though 52% of large projects are challenged, 1/5 of small projects suffer from challenges. While there are various reasons to make up for successful, challenged and failed projects, the one important factor remains in resource planning, or the lack thereof. Read the Complete Article

Overworking Can Kill You

Overworking Can Kill You
By Patricia Goh

Just this year in March, a 26 year old factory worker abruptly died after working for 12 hours every single day assembling Apple iPhones. Two years ago, a 24 year old advertising employee from China suffered a sudden cardiac arrest at his desk and died, having working overtime the month prior to his death. Going back another two years in Los Angeles, a 51 year old employee died in her cubicle due to work over-exhaustion and wasn’t found until two days later.

With overworking increasingly becoming the norm, this topic is discussed extensively to not only raise awareness but to administer the right methods to achieve better productivity without overworking.

Why Is Overworking So Common

Overworking is the common factor found in all three real-life examples shown above. Whether or not profitability, pride, or ambition are incentives that keeps them going, they are always found to put their job first before anything else. Read the Complete Article

Increase Work Productivity by Going on Holiday

Increase Work Productivity by Going on Holiday
By Patricia Goh

It is of underrated importance for workplace employees to take time off from work and break out of their 9 – 5 routine for better productivity. Understandably, with bills to pay, clients to meet, deals to close, who has the time to lie on a Caribbean beach sipping margaritas all day long? Paid holidays are common in the working world. However, 75% of Americans don’t take claim their paid holidays. When your senses gradually dull, you might want to think twice about having a break from work.

Child at heart

With September looming, students in most countries are returning to school in the fall with new stories to tell and new expectations, ready to start their academic year with a new sense of self, confidence and enthusiasm. They are well-rested and more importantly, they have had a change of scenery. They might have been to camp, gone abroad or even did nothing and stayed at home, but the schooldays routine was broken and that allowed them a breath of fresh air. Read the Complete Article

Solving Multi-PM Limitations with Resource Planning

Solving Multi-PM Limitations with Resource Planning
By Patricia Goh

One would say that a project manager’s spirit animal is an octopus. With so many responsibilities, project managers are expected to be able to see things from the bigger picture, as well as being able to spot the nitty-gritty details. Alongside great communication skills and people skills, there’s also a demand in technical skills, risk management, cost management and more. But even with eight arms and extremely high IQ, all the way at the deep end of project management lie challenges that require unconventional problem-solving methods.

One of the main limitations of project management is managing multiple projects. These projects could be overlapping or happening at the same time. Scheduling resources and tasks for these simultaneous projects becomes more difficult and time-consuming. A useful and effective alternative is to use resource planning methods to address multi-project management challenges.

Project management is about planning based on projects, while resource planning is about assigning projects to resources. Read the Complete Article

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