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Project management software, Cost accounting, Project tracking system

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Skill

Term Definition
A skill is ability, typically learned, to perform actions. In organizations the skills of the workforce are a key component of resource management. Resources are allocated to assignment by skill and possibly experience.

Locating and allocating scarce skill sets and reducing the billing cycle are important success factors in many service providers, particularly ones focused on projects. Service providers themselves are major consumers of services, both internal and external. 

Most organizations use some degree of automation to manage workflows. Some companies may use spreadsheets, and others may use professional services software to manage workflows and resources. Resources are allocated to assignments by skill and the system is able to search for staff having the requisite skill and experience profile. The result of a search provides a list of available staff, displaying their location, group and other data, at which point a manager can either directly assign resources, or reserve them pending further developments.

Locating and allocating skill is not only important in the  day-to-day running of a business but is critical in risk management planning. Hospitals utilize sophisticated databases to run their operations during a time of crisis. For example, if a natural disaster hits an area, hospitals outside of the disaster area must quickly prepare to care for those injured. Hospitals have a crisis management plan, which includes personnel assigned to locating and deploying resources by skill. If the hospital needed a trauma nurse trained in airlift rescue, they could locate that by skill by using the database.

Organizations have an ongoing need to understand the skills of their current workforce. This enables them to assign resources based on skill but also is a key component of workforce planning. Organizations assess the current skills of their workforce to determine training and development needs, recruiting, and to identify gaps between what exists today and what will be needed for the future.

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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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