Project Management

The Capacity Conundrum

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Resource management is indispensable to project management, yet most consulting firms are only able to plan their resources three months ahead and many feel they do not have all the information or formal systems to manage resources effectively. Here are 10 best practices for effective resource management.

Two thirds of consulting firms consider resource management as either the most or second most important business process in their firm, and many are striving to professionalize this function as they find themselves squeezed by clients unwilling to accept fee increases and spiraling salary costs, according to industry surveys.
 
Key areas preoccupying those responsible for resource management are: recruiting consultants with the right skills and getting a balance between project delivery and business development. However, more than half of organizations, according to one survey, are only able to plan their resources for the next three months and as many as one in four copanies are only able to plan for the next four weeks. Other frustrations for resource managers include integration with other business processes and providing visibility of resources across the organization. 
 
Other key trends include:
·         Utilization rates are still the most common way of recording and forecasting …

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