Poor success rates and failure to realize the planned business value from project portfolios has many executives questioning the value of PPM.Projects are business investments and, as such,it’s critical that PMOs elevate the importance of financial insights and business value to allow them to understand the economic impact of under-performing projects and take corrective action to maximize ROI from their portfolio.
Understanding utilization of resources within an organization is a critical first step that can enable the identification of resource availability. As work demand fluctuates, up-to-date availability information proves useful in understanding how and when resource demand can be met. When high-level resource information is transparent, decision-makers have the information that they need to make critical decisions, whether those decisions involve how much work to undertake, or how to grow the organization’s resource availability in the future to meet their needs.
UMT has partnered with different types of organizations of all sizes across industries to set up resource management capabilities and help mature the organization from resource assignments, to resource utilization, demand planning, and capacity balancing.
Schedule management increases the organization’s confidence on the delivery timing of investments and also allows the organization to identify impacts to different geographies, markets, business areas, etc. which is crucial in Resource Planning. As the capability matures, project managers are able to incorporate past schedule information to improve future planning.
UMT has a proven portfolio of approaches to schedule management across different industries, including IT delivery, capital investment, and new product development. Schedule management is never one-size-fits-all – UMT consultants deliver solutions that speak the language of the organization, easing adoption across the organization. These solutions provide a firm foundation for schedule management to both deliver value quickly and to grow as an organizational capability in the future.
The ultimate goal of accurate estimation is to decrease costs by increasing predictability. Continuously improving estimates also decreases the costs of incremental delivery while increasing work productivity by leveling the workload and reducing waves in resource demands. Estimation expertise, like many other capabilities, is best built up iteratively – and a solid, well-adopted base of resource and schedule management will create a virtuous circle with estimation, allowing for the organization to mature and deliver to a higher standard over time.
UMT works with clients to provide an accurate picture of their expertise at estimation, and then uses a data-based approach to help deliver roadmaps to improve over time. UMT’s expertise at delivering solutions across a range of capabilities helps clients understand what to measure, how to understand the trends they see, and how to build organizational capabilities that help them execute more reliably and predictably.