Boost your service business with resource management software

With resource management software you can regulate and allocate the right resources to business projects to maximize efficiency.

Resource management as part of project management is all about doing more with less. It is a process that is centered around optimization and efficiency.

What is a resource?

Resources in project management are the people, places, and things you need to get the job done. It can be the skill sets of employees or the adoption of software.

For a professional service business, your employees are your most valuable resource and also a high cost to your company. That’s why optimizing your resource management process is essential. For this reason, successful organizations strive to improve profitability levels, streamline costs, and eliminate wasted time.

Resources vary based on industry and type of business. Here are some examples:

• Architecture firm: project managers, interior designers
• Information Technology (IT): software technicians, customer support representatives
• Marketing and Communications: designers, freelancers
• Business Consulting: consultants, project managers

Your ability to acquire the right people and skills, assign them to the right tasks, and balance their workload determines how successfully you’re able to execute current and future jobs.

When your business is first starting out, managing resources often involves planning and assigning staff using spreadsheets and email. This may produce successful projects, but you’re unlikely to use your resources to their fullest.

Using too many resources can be costly and using too few can slow down production. Thus, there is always a possibility that you’ll either overspend or miss your deadlines. Neither option is recommended. But, resource management software can help.

What is resource management software?

Effective resource management software is a rich mix of process, technology, and automation. With this technology your company can regulate and allocate the right resources to business projects to maximize efficiency. It helps your company monitor resources and manage work so progress continues without interruption.

Its goal is to boost profitability for the project and ensure that high-priority tasks have the resources they need at the right time. It strives to unlock the full potential of resources without overbooking them with work.

That’s why the best resource planning tools also have a calendar and time tracking. They show everyone’s workload, allocation, and availability. As a result, this information reveals what are the main reasons for the project to fail.

Which resource management software to choose?

There are lots of resource management software for you to choose from. Some of them are solely resource management software while some others are ERP solutions. For example, PlanMill has an ERP solution that has a resource management system. While it takes care of your resourcing challenges, it also does so much more. It is a comprehensive solution that helps you manage business processes, customers, time, expense, and finance – in one package.

Sum up

Resource management software is a must-have tool for any business looking to maximize project efficiency. It helps you regulate and allocate the right resources to business projects. This software is simply a key to running a successful business. With it, your company is able to manage projects and work so progress continues without interruption. It’s up to your company requirements whether you choose solely resource management software or a comprehensive ERP solution.

PS. If you are looking for flexible and efficient resource management software, you should also check out Lemonsoft’s LemonOnline solution.

Resource management explained on Wikipedia

PlanMill Ltd. is a provider of ERP Cloud solutions designed for the service business. We enable organizations to streamline business processes, improve control of their customers, personnel, projects, time, expense, and finance – while enhancing productivity and profitability.