Workforce Management (WFM) encompasses all the responsibilities for maintaining a productive and happy workforce. Sometimes referred to as HRMS systems, or even the larger ERP systems (Oracle, PeopleSoft, SAP, IFS, Reflexis). There are many software vendors within this space. Project workforce management combines project management, workforce management and financials, to replace the spreadsheets and internally developed systems companies currently use for cost and revenue planning, tracking and management reporting. A workflow engine makes it simple to configure and change project and workforce processes.
There are three main differences between Project Workforce Management and traditional project management and workforce management disciplines and solutions:
There are three main differences between Project Workforce Management and traditional project management and workforce management disciplines and solutions:
- Workflow-driven: All project and workforce processes are designed, controlled and audited using a built-in graphical workflow engine.
- Organization and Work Breakdown Structures: Project Workforce Management provides organization and work breakdown structures to create, manage and report on functional and approval hierarchies, and to track information at any level of detail.
- Connected Project, Workforce and Financial Processes: Unlike traditional disconnected project management, workforce management and billing systems that are focused solely on tracking only IT projects, internal workforce costs or billable projects, Project Workforce Management is designed to manage all project and workforce processes, whether internal, shared (IT) or billable
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