At some point, we’ve all wished we could look into the future; knowing what might have been, which opportunities we should take, which situations we should avoid. It would allow us to decide which routes to go down and make better decisions in the present. The same goes for Project Management: when working on large portfolios, having an idea of the outcomes of a change in staffing or a compression in timeframe would allow Project Managers to make the best practice decisions in the present.
Of course, bar looking into a crystal ball, knowing what will definitely happen in the future remains an impossibility. Nonetheless, whether it’s forecasting the weather, estimating macroeconomic trends or simply knowing that your train will arrive at a certain time, the ability to use previous experience to estimate outcomes is a marker of consciousness.
Any organisation with plans to grow and succeed depends on business intelligence to make well-informed decisions for their roadmap. Project Managers tend to use Excel and other Project Management programs to help plan their operations. However, for larger organisations with ventures in different places and over different timeframes, these tools struggle to provide the insights needed.
However, with Tempus R, Project Managers can now make detailed predictions of the outcomes of different actions. Offering a multitude of functionalities for testing the outcomes in changes to an organisation’s resources, the solution allows users to consider all the possible outcomes of potential choices and make the best decisions on the back of this data. We’ll now take a look at how this would work in your organisation and how you might apply the framework to ‘look into the future’.
Virtual reality modelling
When we met up with Greg Bailey from ProSymmetry, he explained in detail how the tool works. Allowing users to draw in data from current project management tools and Excel, as well as working as a standalone product, it provides a virtual space where users can slice, splice and test modifications to their projects.
Displayed as slide scales, Project Managers can rapidly explore what the result of changing some aspect of a project might be. Whether it is removing staff, injecting a project with resources or putting it on hold, the results of your actions are presented in clear and easy graphs. The beauty of Tempus R is that users are able to test a variety of potential situations in “virtual reality” without this having any impact on actual project plans. Being able to test a wide variety of possible actions and visualising how these would impact on project development, costs and outcomes, allows users to explore all sorts of “what if” scenarios. You might not be seeing the future, but you will have a much clearer idea of what it will look like.
Whatever the size of an organisation, a sign of success is the number of projects on its books. While it’s of course good news for a business to be working on different portfolios, managing and keeping on top of these can be complicated.
In an ideal world, projects would all run smoothly in parallel with one another. However, as any PM knows, the reality of Project Management is that things go wrong, there are delays in deliveries, legislation changes, and unforeseen events occur. With traditional Project Management tools, users have little power of controlling and testing this variability. However, Tempus R provides a powerful solution here.
If there is a delay in your most important project, the tool allows you to explore the impacts this delay might have on other projects. Perhaps if you put Projects B and C on hold and moved staff over to Project A for a week, what outcome would this have for the first two projects? Would they go over deadline, and if so by how much? Tempus R can model such situations with ease and allow users to determine the best way forward.
The major considerations for organizing the logistics of any project are time and resources, and Tempus R is also able to examine impacts to changes in both. It can be daunting to make judgments about the merits of taking on or laying off staff. Concerns about doing so can leave organisations paralysed and unable to move forward effectively.
Testing possible resourcing outcomes in Tempus R is an easy way of estimating the results of these kinds of actions. Handy widgets and a straightforward interface will show where an organisation can lose weight and where it would become more productive with additional labour onboard. Whether it’s hiring contractors or new permanent staff, users are able to explore a whole raft of outcomes and predict which would be the best course of action.
Helping make the best decisions
With large and complex portfolios, having an oversight of your various projects is essential. Any PM would love to be able to look into the future and see what the result of changing their plans would be and Tempus R is designed to help you make the best decisions by modelling possible outcomes. Through its dynamic analysis of different variables, Tempus R can really help users make excellent decisions.
We’re pleased to be the UK’s only partner of this fantastic tool and we look forward to helping our clients implement the most effective Project Management choices.