Resource management plays a crucial role in ensuring efficient allocation and utilization of resources within organizations. In today’s dynamic business environment, it is essential to adopt an agile approach to resource management. Agile resource management enables organizations to adapt to changing demands, optimize resource allocation, and drive project success. This article will unveil specific strategies […]
In the ever-changing world of the pharmaceutical industry, effective and nimble management of resources is imperative. One of the key components of resource management is demand forecasting. Demand forecasting is the process of predicting the future demand for resources within a company. This can be by role, project, study, function, geography, etc. The key is […]
To optimize productivity, minimize costs, and drive business growth, having the right tools in place is crucial. That’s where a resource management tool comes in. In this article, we present the top 10 compelling reasons to invest in a resource management tool and empower your organization to reach new heights of efficiency and profitability. Resource […]
Resource management is the process of planning, scheduling, and allocating resources to complete a project or meet business objectives within a specific timeframe. Resources encompass everything required for project tasks, including time, raw materials, human resources, machinery and equipment, financial resources, information, and data. Effective resource management maximizes effectiveness, cuts costs, prevents conflicts, and facilitates […]
In today’s rapidly evolving healthcare landscape, pharmaceutical companies face immense pressure to deliver innovative treatments to patients faster than ever before. The demand for groundbreaking treatments has never been higher, and the pressure to deliver these life-saving therapies quickly is paramount. To navigate this challenging environment, pharmaceutical companies must excel in resource management strategies. By […]
Resource management is the process of managing resources, such as people, money, materials, and time, to ensure that they are used efficiently and effectively to achieve organizational goals. It encompasses planning, organizing, controlling, and closely monitoring resource utilization to achieve the highest level of efficiency and effectiveness. Resource management, also referred to as resource capacity […]
The opinions on resource and portfolio management are so diverse, and it’s been this way for years, if not decades. The opinions range from resource management geeks who use every term in the book from attrition to forecasting to algorithms to my favorite fungible resources. Makes it sound like our resources are mushrooms…a fungus. There […]
Are you a functional manager or department head who is struggling to keep straight what your people are doing, who has free time, and who’s overworked? Or are you trying to make sure that all your projects have the proper coverage necessary to get everything done on time, so you don’t get an unpleasant visit […]
Twenty years ago, I worked for a top 10 pharmaceutical company implementing an enterprise project management tool to help a resource forecasting and capacity managment across R&D. At that time, pharma executives and managers were being asked to not only focus on the science but also to “run R&D like a business”. Back then we […]
Pharmaceutical and R&D businesses are driven by projects. Some are clinical trials or drug programs, while others are more operational in nature (such as process improvement). Regardless, managing resource demand to ensure proper staffing for these projects is crucial. Without the ability to project resource demands and manage gaps in capacity, companies risk making poor […]