Strategic advantage: empower locally, manage globally:
- A common real-time perspective for all decision-makers, replacing “piecemeal” spreadsheets and internal patchwork solutions
- Real-time views of projects, resource groups, progress, issues,
revenue, costs
- Accurate decisions based on real-time information, not after the fact
- View of global “shared workforce” to match up talent, availability, needs
Advantages for all project-oriented companies:
“While only a short while ago just 10% of an enterprise's work was formed around collaborative projects and differentiated time, today about 40% is, and experts expect this to climb to 70% three years from now.”
See “Rise of the Project Workforce” White Paper.
- Facilitate real-time communication and decision-making for executives and project members
- Cut time and expense tracking costs by 40% to 90%
- Implement consistent project execution
- Comply with labor and industry regulations
- Improve project visibility, workforce productivity and operational effectiveness
- Quickly identify and/or eliminate non-performing projects
Advantages for professional services organizations or business units:
"Resource utilization is on average 65%, indicating approximately a 35% resource underutilization including administrative and unproductive tasks, which do not directly benefit the organization” (Source: Forrester Research)
Cutting just $1 of operational costs could have the same impact as increasing revenue by $13." (Source: CFO Magazine)
- Improve resource utilization; reduce bench time and resource gaps
- Control fixed bid projects and employee-related expenditures
- Decrease the invoicing cycle by an average of five days
- Increase billable hours by reducing administrative overhead
- Increase control over billable work and employee-related expenditures
Advantages for internal, shared service or IT departments:
“Outright failures of projects have declined from 40% to 23% during the past five years, but challenged projects swelled from 33% to 49% in the same period. That's bad because challenged projects often are more painful than projects that simply fail. And they are often just failures-in-waiting, dallying dismally until the patience (or the money) for getting them right runs out.” (Source: - CIO Magazine)
- Prevent budget overruns and scope creep
- Improve capacity planning and reduce resource gaps
- Automate and standardize internal business processes for increased efficiency and cost savings
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