Resource management software is a type of software application that helps organizations plan, allocate, and optimize their resources for maximum efficiency and productivity. Resources can include personnel, equipment, materials, time, and other assets needed to complete projects or tasks.
Such software provides tools and features to effectively manage and allocate resources, monitor optimal utilization of the resources, track availability, schedule tasks, and forecast resource needs. It is commonly used in project management, workforce management, and other industries where efficient resource allocation and utilization are critical to achieving organizational goals.
Resource management software can benefit organizations by helping them optimize resource utilization, improve project and task scheduling, reduce costs associated with over- or under-utilization of resources, enhance productivity, and increase overall efficiency. It can be used by small, medium, and large organizations across various industries, including manufacturing, construction, IT, professional services, and more, to streamline their operations and achieve better resource management outcomes.
Best Features of Resource Management Software
✔ Resource scheduling
Resource management software allows companies to create, manage, and modify schedules for their resources. This includes assigning resources to specific projects, tasks, or time periods, and tracking their availability and utilization.
✔ Resource allocation
Resource management software helps companies allocate resources efficiently based on demand, availability, and priority. It provides a holistic view of resource utilization across projects or departments, enabling companies to optimize resource allocation to prevent overallocation or underutilization.
✔ Resource tracking
Resource management software allows companies to track and monitor resource usage in real-time which saves time and resources. This includes capturing data on resource utilization, performance, and progress, and generating reports or dashboards for analysis and decision-making.
✔ Collaboration and communication
Resource management software often includes collaboration and communication tools that facilitate coordination among team members and stakeholders. This may include features such as notifications, messaging, and document sharing, to streamline communication and enhance teamwork.
✔ Financial management
Some resource management software includes financial management features that help companies track and manage the financial aspects of resource allocation, such as budgeting, cost tracking, and invoicing. This enables companies to understand better and control the financial impact of resource allocation decisions.
✔ Reporting and analytics
Resource management software typically provides reporting and analytics capabilities, allowing companies to generate insights, make data-driven decisions, and create proper time and resource allocation. Reports and analytics can provide visibility into resource utilization, performance, and other key metrics, helping companies identify trends, patterns, and areas for improvement.
How Resource Management Software Can Benefit You 🎂
✅ Improved resource allocation
Resource management software helps companies optimize resource allocation, ensuring that resources are assigned to suitable projects or tasks at the right time, avoiding overallocation or underutilization. This can result in improved productivity, reduced costs, and better project outcomes.
✅ Enhanced collaboration and communication
Resource management software facilitates collaboration and communication among team members and stakeholders, improving coordination, reducing delays, and enhancing teamwork. This can lead to increased efficiency, better decision-making, and smoother project workflows.
✅ Real-time visibility and control
Resource management software provides real-time visibility into resource utilization, performance, and other key metrics, enabling companies to monitor and control resources effectively. This can help identify and address resource bottlenecks, optimize resource usage, and make informed decisions to achieve business goals.
✅ Financial management and cost control
Resource management software with financial management features allows companies to track and manage the financial aspects of resource allocation, helping to control costs, budget effectively, and ensure financial accountability.
✅ Data-driven decision-making
Resource management software provides data and analytics for reporting and analysis, enabling companies to make data-driven decisions about resource allocation, performance, and other aspects of resource management. This can lead to more informed decision-making and better outcomes.
TOP 10 Resource Management Software for Business
TMetric
TMetric is a time tracking and productivity tool that can assist in resource management by providing comprehensive time tracking, project management, team management, budgeting, and reporting features that help you optimize resource allocation, track progress, and make informed decisions for efficient resource management. TMetric is used by businesses, freelancers, and remote teams to improve productivity, monitor work hours, and track billable hours for client invoicing.
Pricing 💸
TMetric offers a free plan with limited features for individuals. Professional and Business plans start at $5 per user per month and come with advanced tracking and management options. A free 30-day trial allows users to test out the features before making a decision.
➡️ visit TMetric
Hive
Hive is a project management and collaboration platform designed to help teams streamline their workflow, improve productivity, and manage projects effectively. Hive offers a wide range of features that enable teams to plan, track, and execute projects, collaborate in real time, and manage tasks and resources efficiently. Hive is used by teams in various industries, including marketing, creative, technology, and more, to enhance teamwork and achieve project goals.
Pricing 💰
A free plan is free forever. The most popular Teams plan comes at $18 per user per month and also offers a 14-day free trial. And, the Enterprise subscription has a special pricing and requires you to contact the Hive sales team.
➡️ visit Hive
Float
Float is a popular project management and resource scheduling app that helps businesses manage their team’s workload and availability. It is commonly used by creative agencies, marketing teams, and other professional service providers. Float allows users to create and manage projects, assign team members, and schedule tasks using a visual calendar interface.
Pricing 💸
It is typically based on the number of team members or resources being managed and starts at $7.50 per user per month.
➡️ visit Float
Forecast
Forecast is a resource management app that helps businesses effectively manage their projects, teams, and resources. It provides tools for planning, scheduling, and tracking resources to optimize project delivery and improve team productivity. In Forecast, users can see the availability of their team members, allocate resources efficiently, and ensure that projects are properly staffed.
Pricing 💰
Forecast offers three tiers: Lite, Pro, and Plus. Lite costs £25 per user per month, and their sales team can help with special pricing for the other two plans.
➡️ visit Forecast
Runn
Runn is a resource management software that helps businesses effectively plan, allocate, and optimize their resources for projects and teams. It provides tools for capacity planning, resource allocation, time tracking, and reporting to enable businesses to maximize their resource utilization and improve project outcomes.
Pricing 💸
A subscription-based model that includes monthly and annual plans. The cost starts at $10 per user per month. Up to 5 people can be managed for free under the free plan.
➡️ visit Runn
Teamdeck
Teamdeck is a workforce management and resource scheduling software used by organizations to effectively manage their teams, projects, and resources. It offers a range of features that help businesses optimize their workforce, track time and attendance, plan and schedule projects, and manage employee availability.
Pricing 💰
The pricing depends on the type of subscription you select and starts at $1. The users are offered both monthly and annual billing options.
➡️ visit Teamdeck
eResource Scheduler
/eResource Scheduler is software for managing and scheduling enterprise resources. By maintaining a central database of resources with all of their meta data (roles, talents, qualifications, certificates, etc.), it enables optimal scheduling and coordination of human and non-human resources across the organization. With the use of drag-and-drop capability, users may use this data to locate qualified resources and schedule them for tasks.
Pricing 💸
This software supports flexible pricing which depends on the number of resources you need. The cost starts at $5 per resource/month.
➡️ visit eResource Scheduler
Hub Planner
Hub Planner is a resource management and scheduling software that provides businesses and teams with a comprehensive solution for managing resources, projects, and teams efficiently. Its features include resource scheduling, time tracking, project management, reporting, and collaboration, making it a powerful tool for optimizing resource utilization and improving team productivity.
Pricing 💰
Based on annual pricing, the cost for a Hub Planner subscription starts at $7 per resource per month.
➡️ visit Hub Planner
Resource Guru
Resource Guru is a cloud-based resource management and scheduling software used by businesses and organizations to effectively manage and allocate their resources, such as employees, equipment, and other assets. It provides a centralized platform that allows users to plan, schedule, and monitor resources in real-time, making it easier to optimize resource allocation and avoid overbooking or conflicts.
Pricing 💸
Three tiers are offered starting at $5 per user per month. Paying annually will save you some money.
➡️ visit Resource Guru
Mosaic
Mosaic offers visibility for collaborative task planning, ensuring that everyone is aware of what needs to be done next and greatly enhancing efficiency. Visualize the workload across teams and departments to make sure that no one is overworked but rather operating at capacity. With Mosaic, it’s simple to determine who needs assistance and to get assistance from others.
Pricing 💰
It starts at $14.99 per user per month (billed annually), and the users can take advantage of a first-year discount.
➡️ visit Mosaic
Bonus
Time Blocking Templates
They are organizational tools that help individuals structure and allocate their time effectively. They provide a visual representation of the day or week, divided into specific time intervals, which can be filled in with different tasks, activities, or commitments. Time blocking templates can be created using various mediums such as paper planners, digital calendars, or productivity apps.
Time Card Calculator Free
These are tools that help individuals or businesses calculate and track the hours worked by employees or themselves. They simplify the process of calculating work hours, including regular hours, overtime, and breaks, and generate accurate records for payroll or billing purposes.
Performance Review Templates
Templates for employee performance review are structured documents or forms that provide a framework for conducting and documenting employee performance evaluations. These templates help guide managers or supervisors through the performance review process, ensuring consistency and thoroughness in assessing an employee’s performance.
Summary
Efficiently managing resources is crucial for businesses to maximize productivity and profitability. Resource management tools provide businesses with the means to effectively allocate and track their resources, such as personnel, time, finances, and equipment. In this post, we’ve explored the top resource management tools that can help businesses streamline their operations and achieve success.
