Resources are the largest constraints for organizations. While money is often easy to allocate to the highest-value projects, finding the resources with the right skills, experience, and availability to complete all of the portfolio projects can be much more difficult. Many organizations find resource management even more challenging because the existing resource information is incomplete, out-of-date and not readily available. Portfolio and resource management work together to create a prioritized and timed portfolio of right projects that can be undertaken with the planned resource capacity.
UMT consultants work with clients to identify a resource management solution that is right for the organization – from simple, easy-to-use solutions that track at a high level for executive decision-making, to detailed solutions that identify individuals and allow their time to be optimized, UMT can help identify what organizations need to meet their most important goals. A comprehensive resource management solution requires effective estimating and project management capabilities to:
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.