{"id":15381,"date":"2020-10-08T00:00:00","date_gmt":"2020-10-08T05:00:00","guid":{"rendered":"https:\/\/blog.planview.com\/manage-your-resources-to-support-portfolio-strategy-during-uncertainty\/"},"modified":"2020-10-08T00:00:00","modified_gmt":"2020-10-08T05:00:00","slug":"manage-your-resources-to-support-portfolio-strategy-during-uncertainty","status":"publish","type":"post","link":"https:\/\/blog.planview.com\/manage-your-resources-to-support-portfolio-strategy-during-uncertainty\/","title":{"rendered":"Manage Your Resources to Support Portfolio Strategy During Uncertainty"},"content":{"rendered":"
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The world is full of uncertainties and uncharted territory lies just around the next corner for many companies. It just so happens that we have been in uncharted territory for several months as the world comes to grips with the COVID-19 global health pandemic. Shifting resources to support operations in the current climate quickly became a new normal for many businesses. But how well is your resource management strategy aligned with the uncertainty of what lies ahead, and does it still support your portfolio strategy? Whether you have a system and you’re looking to quickly pivot, or you are considering resource management for the first time, the same learnings and best practices apply.<\/span><\/span><\/em><\/p>\n

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Looking at the current COVID-19 pandemic alone, it is hard to find an industry sector that hasn’t been drastically impacted. From health care services fighting the pandemic directly, to services aimed at supporting everyday life like food suppliers, grocery and retail stores, restaurants, entertainment venues to behind-the-scenes supply chains and logistics — COVID-19 has created a sense of upheaval the world over; leaving companies in unknown waters having to make better and faster decisions just to survive, because they can’t afford to waste resources. <\/span><\/span><\/p>\n

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In a recent PWC <\/span><\/span>manufacturing industry survey<\/span><\/span><\/a> that examined the impacts of COVID-19, 41% of CFOs listed the effects on workforce reductions in productivity as one of their top three concerns. But managing resource shortages to support portfolio strategy during these uncertain times is not exclusive to manufacturing. How to address resourcing shortages and changing portfolios requires a shift in thinking about your resource management strategy, and how it enables the use of technology to best support your people. <\/span><\/span><\/p>\n

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Effectively managing resources is always a complex task: doing so with limited resources and disparate tools can become a losing battle, especially in the current climate. Maintaining employees and resourcing the right projects with the right people at the right time is critical to business success. <\/span><\/span><\/p>\n

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