Role as a Resource Manager
The key role of RM is Deployment & Staffing. RM are responsible for deploying practitioners while balancing the
following factors:
·
Understanding
our Business
·
Knowing
our Client Needs
·
Maximizing
Utilization
·
Balancing
the Goals, Interests and Development of our people
·
Help
leadership in making decisions by providing timely information and correct
reporting.
·
Partner
with leadership to help make the best deployment decisions and can better serve
them with a basic understanding of the financials.
·
Resource management professionals have a direct impact on the financial performance as a practice.
·
Watch
for unethical behavior and raise it to the attention of leadership. Example:
Project manager asks a resource/professional to reverse a large number of chargeable hours
for a project that is over budget.
Resource Management and Financial Impact
There are five key drivers which determine our
financial performance:
·
Staff Size — How many resources we have
on staff?
·
Billing Rate — How much we charge for
each resource’s time?
·
Utilization — How busy is each resource
during the year split into periods and weeks?
·
Realization — How much do we actually
bill and collect for the work we do?
·
Overhead Cost — How much does it cost
to run the business?
In our next post, we will discuss these key drivers in details. Stay tuned.
©2014 - TheHumanCapital
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