Are you a part of any business organization? Does your company have tools to manage the resources in the company?
This blog focuses on the benefits of having the RIGHT project management tool. In a world full of options, you will come across a variety of similar products, tools, resources, etc. but you need to choose the one that fits your needs.
To ease your work in finding the right project management tool for your organization, let’s dive into the benefits of such tools.
Benefits of having the right project management tool:
Optimized delivery
Time should never be a constraint in your project delivery as successful project deliveries will occur only when you are able to utilize your time efficiently. You should always look for project management tools where time tracking is given utmost importance. The delivery period of your project, allocation of resources, and deploying them is duly considered as per your company requirements.
After all, Successful delivery= happy customers= happy stakeholders.
Better resource management
Humans are the most important assets in any organization and managing them is crucial. Better resource management is definitely a quality feature that you should consider in your project management tool search.
You need your projects to be completed on time and to achieve that, you need the most qualified resources that will lend you a helping hand in reaching your goal.
In many large organizations, it is difficult to keep track of all the resources and therefore one should find PM tools that accumulate the data of all the resources under one platform with the help of which, progress tracking is simplified.
Better Communication
I feel Communication is highly underestimated in terms of the importance it carries. A slight gap in communication can result in the failure of a project. One should be aware of the person that he has to report to in times of any problem.
Look out for a PM tool where the superior-subordinate relationship is clearly classified, and one can easily identify the reporting structure.
By doing this, communication becomes easy as everybody can come under one roof and check their progress.
Better risk mitigation
No project delivery comes with a certain risk attached to it and identifying that risk is your achievement. With the help of the right tool, you can forecast and overcome these risks.
Whizible® categorizes your risk into various types such as budget risk, operational risk, etc. It defines the probability and impact of a risk in your project which helps you in taking prior precautions. Make sure your tools too have this feature of mitigating the risk.
Profitability analysis
With the help of the right PM tools, profitability analysis becomes easy. PM tools overview your projects and collect data based on them. With the help of the information collected, a project profit trend is established which assists in knowing the status of your company’s bottom line.
Tools such as Whizible allows strategy percolation top-down and execution reality visibility bottom-up. This allows the delivery team to understand the focus on quality as well as profit margins and the top stakeholders to understand the current status of the profit margins.
Here you go!! I am hoping that this blog has helped you get clarity on the features that your project management tool should carry. A right project management tool works and adapts to your company’s DNA and enables every stakeholder in your company.
An all encompassing tool like Whizible binds the team together which eventually enables profitable projects.
