February 26, 2019
December 30, 2020
In this article, Fred Wilson explores the 11 best resource management software of 2021.
In today’s world, the perpetual pressure of delivering more in less time is real. Squeezing in the crazy amounts of work within a limited budget and time can seem like a pain.
What’s even more daunting is that a lot of companies suffer from the dilemma of not understanding the art of resource management. As a result, negative consequences are born which affects the overall project performance.
A company’s assets can include an array of resources, but we’re talking about people here. So, the trick lies in balancing the resources’ capacity and demand.
Using professional resource management software can help ease your pain points as there is statistical evidence that proves the same. According to Eurostat, more than one in three enterprises use some sort of enterprise resource planning software.
So, if you’re on a hunt for resource management tools (you should if you’re not), here’s our version of resource management software you can start using right now to get your team on track and in line with your project goals.
The first resource management software we have reviewed for you is Mavenlink. An enterprise-level resource management tool, Mavenlink allows powerful project planning and scheduling features to manage your teams efficiently.
Coming with pre-built project templates for multiple scenarios, the tool facilitates quick and easy resource estimates. Through these resource estimates, you can then calculate profit margins, and also analyze which resource decisions are impacting the profitability of your business.
The tool also lets you forecast future resource needs and resource availability based on your current capacity through comprehensive what-if analysis.
nTask is a free project management software with resource management feature which is best suited for you if you’re not looking to get into a myriad of complex functionalities other tools come with.
Although this tool doesn’t come with a strong resource management module, it has everything you need to get things going for the best.
A quickly evolving tool, nTask allows you to easily set hourly rate by individual resources, tasks, or projects. The software comes with an interesting feature set to help you with resource management, all the while ensuring a smooth user experience.
Through time tracking and timesheet management, you can keep an eye on overall project activities and how much time your team is spending on a particular task.
Not only this, but nTask also comes with other elaborate project management features enabling you to efficiently manage your resources, while staying aligned with your project goals.
See for yourself why teams trust nTask for resource management. Time tracking, timesheets, Gantt charts & more.
A robust resource planning software, Float provides flexible resource scheduling options to users. It does so by giving the functionality of drag and drop, splitting, and duplicating tasks on the calendar. The functions come in handy when schedules or requirements change.
Through the live schedule updates, the schedule changes are automatically updated in real-time to give everyone a heads up. You can also easily find the right person or project by powerful search and sorting filters.
Other than this, you can visualize your team schedule by zooming in for a detailed day view or zooming out for a 12-week forecast.
The fourth tool in our list of resource management tools is Paymo. A team resource management software, Paymo comes with some solid resource scheduling features. It supports multiple views for schedules, real-time bookings, and leave management – among other features.
You can conveniently convert existing bookings into time entries and manage each employee’s individual timesheets. Furthermore, for time-sensitive tasks, you can utilize the daily view to track performance according to hours.
Paymo offers Free and paid plans. The paid plans start from $9.56 per user/month.
Used by one of the top agencies of the world, Resource Guru comes with some pretty strong resource management features. This resource scheduling software allows you to easily add bookings according to the availability of resources.
The tool lets you quickly drag-and-drop bookings on the calendar to match the requirements. The smart calendar also allows you to set the status of a particular booking to billable or non-billable.
Resource Guru also facilitates leave management to give a clear picture of which resource is available at a particular time. Each team member gets his/her own personal dashboard and login to manage their work.
Another enterprise-level resource management software, Hub Planner, is packed with powerful features to help you schedule your resources. The tool provides a solid foundation for efficient resource allocation and smart reporting.
All the features that you would expect from an industry-standard resource management software are placed neatly for you. Through the dashboard, monitor resource workload and make smarter decisions when it comes to task allocation. You can also use the interactive drag and drop interface to quickly set schedules and make changes wherever required.
One of the strongest attributes of Hub Planner is its reporting feature. Through heat maps, identify gaps in production and resource utilization. These reports can be exported, printed and shared with anyone you want.
10,0000ft. is a resource management software with extensive features to help manage your everyday workflow. Create an interactive schedule using this resource planning software. The functionality works through custom availability filters which provide a clear picture of resource availability.
The software also provides utilization heat maps to help you forecast hiring needs. It is packed with some intelligent project planning features too, including Gantt view, project estimations, tasks and notes, and much more.
10,000ft. handles reporting capabilities pretty nicely too. You can find multiple reports to manage your resources the way they’re supposed to be managed. A few examples of these reports constitute planned vs. actual reports, team utilization reports, and others.
LiquidPlanner is essentially a project management software. It comes with a built-in resource management module; a pretty straight forward tool. LiquidPlanner doesn’t complicate things with over complex features. Even if you have a small team, software deployment will be the easiest part.
This resource management software generates resource workload reports for you to help understand tasks’ allocation and capacity metrics. It also facilitates forecasting workload across teams, so you can plan accordingly.
There’s a useful functionality of resource leveling available too which keeps an eye on under and over-utilized resources, as well as automatic rescheduling on the basis of it.
Video Source: Forecast Youtube
On #9 of the best resource management software, we have Forecast. The beautiful and intuitive interface of the software makes resource management easy and fun at the same time. Through a cross-project timeline, you can easily monitor the resources’ availability and then shuffle tasks accordingly.
The tool has built-in time tracking and timesheets functionality to help you manage to invoice. You can also track your expenses and budget using Forecast. It doesn’t end here, the software comes with some solid integrations to streamline your work. Some of these integrations allow Jira, Asana, QuickBooks, and Salesforce file extensions.
The forecast doesn’t have a robust resource management feature set. So, if you’re looking for a powerful tool, this might not be the best option.
A comprehensive resource management software, Saviom is your savior when it comes to maximizing resource efficiency. The tool comes with powerful built-in modules for resource scheduling, capacity, and resource planning purposes. In addition, there are elaborate reporting and analytics related perks in this program.
The resource scheduler allows you to utilize the drag and drop functionality across Gantt and allocate resources quickly. It can be done by enabling the multi-user feature, scheduling multiple resources at the same time. You can also enable resource forecasting on the basis of current capacity and workload.
When it comes to reporting, Saviom offers custom reporting for stakeholders. You can pick the framework you want and build your own reports according to what you want to see. These reports can be exported to Excel or PDF format.
Of course, this resource management software round-up wouldn’t be complete without mentioning eResource Scheduler. Otherwise known as eRS, the tool offers a seamless resource management experience at a multi-platform level.
Since resources range from humans, time, money, and other variables, eResource Scheduler has got it all covered. Start by creating projects and creating team members who can play the role of assignees through the lifetime of the project.
Afterward, identify your resources and manage them through powerful integrations and a robust dashboard. High priority items are easily locatable through the dashboard. To that end, create priorities, escalate, and deescalate resources as per project milestones.
Track your budget vs. resource ratio and act accordingly. Thanks to eRS, resource scheduling, management, and human resource management software needs have never been so damn convenient before. Performance reviews are a piece of cake with this app.
eResource Scheduler is one of the best human resource management software for small businesses in our assessment.
Rest assured your employee data is safe with eResource Scheduler which will facilitate as an HR solution.
Is there any other resource management software that you think should be a part of this list? Comment below to share your views with us and we’ll be more than happy to listen.
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