{"id":503,"date":"2014-10-16T13:04:19","date_gmt":"2014-10-16T18:04:19","guid":{"rendered":"https:\/\/portfolio-perspectives.planview.com\/?p=503"},"modified":"2016-11-18T11:56:01","modified_gmt":"2016-11-18T17:56:01","slug":"maximizing-limited-resources","status":"publish","type":"post","link":"https:\/\/blog.planview.com\/maximizing-limited-resources\/","title":{"rendered":"Five Essential Insights for Maximizing Limited Resources"},"content":{"rendered":"<h3>Based on <em>The 2014 Resource Management and Capacity Planning Report<\/em><\/h3>\n<p>Some of you may be skeptical at the title of my blog post. Can the resource dilemma be solved and even mastered? You\u2019re not alone if the norm at your organizations looks like this: resources are always overcommitted, no one ever says \u201cno\u201d, and you\u2019ve become numb to project delays. If overcommitment is not the monkey on your back, it may be that resources are underutilized or applied to the wrong projects. The upshot is that few are confident that limited resources are aligned to the highest value work.<\/p>\n<p>Before we become jaded, there is proof that this common and costly dilemma is solvable. Research shows that as organizations become more proficient in the distinct but highly interrelated disciplines of resource management and capacity planning, they can reduce the top pain points significantly to lessen related business risks and maximize the value of resources.<!--more--><\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_82_2 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/blog.planview.com\/maximizing-limited-resources\/#How_Do_We_Know_Its_Solvable\" >How Do We Know It&#8217;s Solvable?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/blog.planview.com\/maximizing-limited-resources\/#Significant_Reductions_in_Pain_Points\" >Significant Reductions in Pain Points<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/blog.planview.com\/maximizing-limited-resources\/#5_Essential_Insights_from_the_Top_Performers\" >5 Essential Insights from the Top Performers<\/a><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"How_Do_We_Know_Its_Solvable\"><\/span>How Do We Know It&#8217;s Solvable?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><strong><em>The 2014 Resource Management and Capacity Planning Benchmark Report<\/em><\/strong><\/p>\n<p>I\u2019m wildly excited to invite you to visit a <a title=\"State of Resource Management and Capacity Planning\" href=\"https:\/\/rmcp.planview.com\/\" target=\"_blank\">new research website<\/a> and <a title=\"Related reports: State of Resource Management and Capacity Planning\" href=\"https:\/\/rmcp.planview.com\/report\" target=\"_blank\">related reports<\/a> on the most comprehensive research conducted on this important topic. More than <strong>480 resource leaders from around the world<\/strong> participated in an online study that was preceded by a qualitative phone interviews with several participants providing case studies from several markets.<\/p>\n<p><strong>Assessing Maturity:<\/strong> This year\u2019s study assessed resource management and capacity planning maturity of organizations to analyze the differences between pain points, causes, and business risks. You can <a title=\"Maturity levels: State of Resource Management and Capacity Planning\" href=\"https:\/\/rmcp.planview.com\/maturity-levels\" target=\"_blank\">get the definitions for resource management and capacity planning and assess your organization\u2019s maturity<\/a> on the website.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Significant_Reductions_in_Pain_Points\"><\/span>Significant Reductions in Pain Points<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><strong>Resource Management:<\/strong> As organizations move up in maturity, they are statistically less likely to experience the most common pain points. While overcommitting resources is the top resource management pain point for 77% of lower maturity organizations, it is 37% less likely to be an issue for higher maturity organizations. And, overcommitting resources is often a symptom of the other most common pain points.<\/p>\n<p><strong>Capacity Planning:<\/strong> Top performers are 53% more likely to have a holistic view into both pipeline demand and resource capacity than their lower maturity counterparts. As a result, when they are considering projects in the pipeline, they are less likely to overcommit and have higher visibility into whether they\u2019ll have the resources to take on work when the time comes.<\/p>\n<p><strong>Business Risks of Inaction:<\/strong> When asked the business risks of not improving in resource management and capacity planning maturity, executives are concerned about loss of revenue (51%) and missed business opportunities (51%). Middle managers are concerned about project delays, project costs, and the inability to innovate fast enough. These are clearly related but there is work to do to shore up executive support to improve the processes and tools to manage these functions more effectively.<\/p>\n<figure class=\"alignright\" style=\"width: 410px;\"><a title=\"State of Resource Management and Capacity Planning\" href=\"https:\/\/rmcp.planview.com\/\" target=\"_blank\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-507\" title=\"State of Resource Management and Capacity Planning\" src=\"\/wp-content\/uploads\/2014\/10\/top-performers-400x333.png\" alt=\"State of Resource Management and Capacity Planning\" width=\"400\" height=\"333\" \/><\/a><figcaption class=\"wp-caption-text\" style=\"text-align: center; margin: 10px; font-style: italic; color: #5e5e5e;\">Click the graphic to get more detail on these best practices as well as case studies in the full report.<\/figcaption><\/figure>\n<h2><span class=\"ez-toc-section\" id=\"5_Essential_Insights_from_the_Top_Performers\"><\/span>5 Essential Insights from the Top Performers<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The highest maturity organizations have made great strides to overcome the most common pain points putting them into position to maximize the productivity of their limited resources.<\/p>\n<p><a title=\"Explore the findings: State of Resource Management and Capacity Planning\" href=\"https:\/\/rmcp.planview.com\/explore-findings\" target=\"_blank\">Explore the findings<\/a> interactively to see the pain points by maturity and also by organization type: Product Development, IT or EPMOs, Service-Centric companies to see how it measures up with your peers.<\/p>\n<p>I want to hear from you. Where do you rank on the resource management and capacity planning maturity scale? What do you think about the research overall. Share or ask a question in the comment box below.<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Based on The 2014 Resource Management and Capacity Planning Report Some of you may be skeptical at the title of my blog post. Can the resource dilemma be solved and even mastered? You\u2019re not alone if the norm at your organizations looks like this: resources are always overcommitted, no one ever says \u201cno\u201d, and you\u2019ve&#8230;<\/p>\n","protected":false},"author":32,"featured_media":931,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_editorskit_title_hidden":false,"_editorskit_reading_time":0,"_editorskit_is_block_options_detached":false,"_editorskit_block_options_position":"{}","footnotes":""},"categories":[35],"tags":[56,66,475],"class_list":["post-503","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-pmo-project-management-organizations","tag-appleseed-partners","tag-benchmark-study","tag-resource-management"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.4 (Yoast SEO v27.4) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Maximizing Limited Resources - Blog | Planview<\/title>\n<meta name=\"description\" content=\"Can the resource dilemma be solved and even mastered? 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