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Project management software, Cost accounting, Project tracking system

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Collaborative Workforce Planning

Term Definition
Collaborative Workforce Planning is the process of building workforce planning processes from the bottom up. Workforce planning is the process of getting the right number of people with the rights skills, experiences and competencies in the right jobs at the right time to advance the business. Workforce planning is a comprehensive process that provides organizations with a framework for making staffing decisions based on its mission, strategic objectives, financial resources (budget), and a defined set of desired workforce competencies. Collaborative workforce planning involves representatives from different lines of business and varying responsibility levels in identifying the needs of the organization before outlining requirements and selecting a system.

Line of business owners, managers, and individual contributors all need to understand the strategic and operational priorities of the company, sales forecasts, changes in product and service lines, changes in customer composition and requirements, launches or divestures of business units, and capital investments that will impact productivity and demands for human capital.

The workforce planning system should encourage employee participation, such as the ability to input and update current skills, rank work interests, and identify perceived training needs based on this information. Managers should be able to estimate voluntary and involuntary turnover, model different time/cost/utilization scenarios based on various resource assignments, and have access to the information required to justify training and hiring decisions. Line of Business owners should be able to ensure that processes for requesting and assigning talent, accounting for time, executing projects and billing customers are followed. Executives should receive the reports they need for compliance records, as well as to guide the strategic growth of each business unit.

A collaborative workforce planning system should let users make easy  real-time changes to processes, workflow patterns, talent assignments and reports, as usage drives better understanding of how to optimize the system.

Related Terms
Resource Management & Scheduling

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“We needed a professional services automation system that would consolidate our databases, improve our billing and expense processes, and that would be an essential platform for moving us forward for the next five years. That’s why we chose Tenrox.”

IDBS LTD.,
David W.,
Senior Project Manager

Tenrox web based enterprise project management software is a modular solution that helps simplify your, project planning, project tracking, project accounting, expense tracking, enterprise resource / capacity planning, and time and billing.

Traditional project planning and project management software tools put the burden of creating and updating project plans on the managers shoulders. Tenrox makes your project planning and management quicker and easier by using simple and effective workflow tools to help you get the job done quicker and easier.

Our online business project planning and project accounting system is workflow-driven and replaces the spreadsheets and band-aid applications that leave your project-driven work force and processes disconnected. With work breakdown structures to mirror the way you do business, Tenrox allows you to easily map your projects to your corporate structures: Capture and track project data at any level of detail, mirror every business operation area with distinct functional and approval hierarchies, and summarize or drill down into your project workforce financials. Tenrox is the perfect online enterprise project management software solution to align your projects and workforce with your business goals.

With online project management tools by Tenrox, you obtain real-time information on costs, expenses, revenue, profits, project status, schedules and issues, ensuring successful project management planning and delivery. Tenrox Project Workforce Management Software meets the needs of both service organizations for professional services automation and for internal project management offices so you can manage and view both process and financial impact in real time.

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