Develop a Resource Management Strategy for the New Reality
Reclaim project capacity with realistic resource management.
- As portfolio manager, you’re responsible for communicating portfolio performance and capacity for new projects to your steering committee. You need to help them make insightful intake decisions based on accurate information.
- You rely on project managers for up-to-date project data and you provide them with the tools they need for aggregating project stats, managing resources, and delivering regular status reports.
- The steering committee approves more projects than you have capacity for. Even if you’re in the minority of PMOs that provide usable resource capacity projections, that information isn’t used.
- Resources are over-allocated, but you lack statistical evidence because of incomplete estimates, allocations, and very little accurate data.
- Projects are delayed or backlogged and you can’t determine if this issue is due to a resource shortage or an inability to estimate.
- Resource management suffers from a fundamental misconception about the availability of time.
- In theory, people have 40 hours/week “available.” Multiplied by the number of FTEs, this is the organization’s “potential capacity.”
- But in IT, much of that time is not realistically available to be allocated. It’s spent before project work is assigned – on operations and support, reactive work, and consumed by continuous partial attention that has become a daily reality for everyone in IT.
- Realistic resource management is about matching the true available capacity to allocation.
Impact and Result
- Assess how resource management operates in your organization and where time is spent.
- Allocate project work properly and establish more stable project timelines. Develop a reasonable and manageable approximation of resource supply and demand.
- Tailor your resource management strategy based on your own capacity to manage the data.
Make the case for a resource management strategy
Understand the schools of thought surrounding resource management and establish the relevance of this project.
Assess the current state of resource management
Assess processes, policies, project lists, and resource lists. Calculate potential capacity and resource demand.
Pilot and validate the strategy
Ensure that the dimensions chosen are right-sized to resource management needs.
Develop a resource management roadmap for reclaiming project capacity
Anticipate, plan, and address barriers and opportunities that influence the success of the resource management strategy.
Measure how capacity has changed since the implementation of the resource management strategy.
Book Your Workshop
Onsite workshops offer an easy way to accelerate your project. If you are unable to do the project yourself, and a Guided Implementation isn't enough, we offer low-cost onsite delivery of our project workshops. We take you through every phase of your project and ensure that you have a roadmap in place to complete your project successfully.
Module 1: Assess and Audit
- Complete a business case to present to your stakeholders.
- Obtain a high-level view of current resource management practices and identify current and target states of resource management maturity.
- Perform an in-depth time-tracking audit in order to gain insight into how time is spent on project versus non-project work in order to calculate realized capacity.
Key Benefits Achieved
- Communicate the costs and benefits of completing this project.
- Have a high-level view of resource management maturity in your organization.
- Understand the difference between potential capacity and realized capacity.
- Calculate your organization’s realized capacity.
Establish the measured value of completing a realistic resource management strategy.
- Completed measured value assessment.
Populate Info-Tech’s Project Portfolio Management Workbook.
- Completed PPM workbook.
Determine your level of resource management maturity.
Determine potential capacity.
Complete a SWOT analysis.
Define goals and scope of the audit.
- Completed Time Audit Workbook.
Communicate the audit goals and implement.
- Completed Time-Tracking Survey Email Template.
Calculate realized capacity.
Communicate the results of the audit to confirm executive buy-in.
Module 2: Develop Strategy
- Construct a resource management strategy that aligns with the new reality.
- Pilot the strategy in order to test whether you have chosen the right dimensions for maintaining resource data.
Key Benefits Achieved
- Identify the ideal dimensions to move forward with the resource management project.
- Determine a realistic amount of time and effort to dedicate towards maintaining the strategy.
- Identify and address improvements before officially instituting the new resource management strategy.
Determine the default project vs. non-project ratio.
- Completed Resource Management Strategy template.
Determine the dimensions of the resource management strategy.
- Customized PMO Coordinator Job Description.
Analyze viability and effectiveness using a SWOT analysis.
Module 3: Execute and Communicate the Roadmap
- Develop a roadmap to guide you through the implementation of the strategy and manage any resistance you may encounter.
- Measure the value of implementing the resource management strategy.
Key Benefits Achieved
- Identify the other factors that affect resource productivity.
- Implement a completed resource management solution.
- Measuring changes in resource management maturity since the implementation of the strategy.
- Measuring the value of improving resource management maturity.
Brainstorm potential impact and implications of the new resource management strategy.
- Completed Resource Management Roadmap.
Develop a plan to manage stakeholder and team resistance to the new strategy.
Brainstorm ways to reclaim project capacity.
Develop an action plan for maintaining the strategy.
Measure the value of implementing the resource management strategy.
- Updated Time Audit Workbook.
- Completed measured value template.