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How Resource Management Software Can Improve Your Performance Metrics

 November 26, 2021

By  BC Editorial Team

With the fast-paced tech world, companies around the world are bringing in new Agile project management tools and software to help improve team performance metrics. Despite minor fluctuations, the global market for human resources services increased overall from 2012 to 2020. The market for staffing services was valued 213 billion euros in 2020, down from 241 billion euros the year before. In addition, the staffing service line had a more than 50% share of the HR services business that year.

In an attempt to clear the air, The Digital Project Manager has compiled a list of some of the best resource management systems available for teams on this website. Even more, using this management software will need to be carefully evaluated to understand how new Agile technology and software can contribute towards the organization and its projects. With a wide variety of different resource management platforms, using the right one that will improve performance is a challenging task, and various metrics will need to be considered – here’s a look at how these systems can help improve performance and productivity.

What are the metrics to consider?

When looking to implement new resource management software (RMS), each team or project leader will need to evaluate a variety of different metrics that suit the needs of their team, and the company.

Here’s a look at some metrics these systems can help improve:

  • Structure and workflow
  • Organizing tasks and requirements
  • Remote work communication and progress
  • Reworking
  • Testing, and results thereof
  • Resources and their need
  • Progression of tasks reworks, and liaison
  • Client and employee interaction
  • Improvement of tasks missed, or uncompleted
  • Exterior communication between various teams, clients, and project leaders

Pulling these metrics together with the needs of your team, and project requirements will help one better understand the type of systems that needs to be implemented.

Team Key Performance Indicators

Although some metrics may reflect certain values of the team and the current project at hand, setting up Key Performance Indicators (KPIs) will give each team leader and its members a better idea of where the focus needs to be considered, not just short term, but long term as well.

Some of the most notable KPIs for resource management include:

  • Start Date and Completion
  • Physical Productive Time Spent
  • Effort
  • Cost
  • Hours Training

Of course, by measuring these KPIs against the metrics already set up, one will have a clearer picture of where focus and attention need to be placed to complete each project, but also which resource management system will work best to meet these needs.

Best resource management software and tools

Because there are so many different software and tools currently available, various platforms can work for a different set of metrics and KPIs. Here’s a look at some of the best choices currently available:

Monday.com

This is an extremely flexible and versatile platform that has been designed with ease of mind and use at hand. It boasts more than 40 plug-in integrations.

Resource Management by Smart Sheets

With a combination of resourcing, time tracking, and forecasting – this platform integrates with various workflow systems to keep timesheets and assigned hours more organized in one simple place.

Forecast.app

Used around the world in more than 40 countries, project leaders can track, and predict the costing of each project and compare budget expenses as the project progresses.

Mavenlink

More focused on an API-first strategy, Mavenlink is a platform that allows for more flexible capacity management, capturing data, and creating reports using a host of integrations.

Runn

For more simplicity, Runn allows for drag-and-drop features, while at the same time allowing for more eased scheduling features for each employee and their availability.

These platforms, among others, are some of the most notable resource management systems currently available and have grown in popularity in recent years as it boasts significant software features.

Final Considerations

Resource management software is an important aspect of each team, as it allows for better distribution, and workflow of physical resources among remote teams. Overall, it’s important to consider the various metrics and KPIs that each team will need to meet, and based thereon a final decision on implementation can be made.

BC Editorial Team


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