For organizations already leveraging Workday products, managing complex project initiatives becomes even more streamlined with Workday Project Management software. This comprehensive, cloud-based solution is meticulously designed to unify project planning, execution, and monitoring, integrating seamlessly with Workday’s suite of enterprise applications.
By providing real-time insights, fostering collaborative features, and delivering robust analytics, Workday Project Management software empowers your project manager and internal teams to ensure projects are completed efficiently, on time, and within budget. This article will explore its key features and benefits, highlighting how it allows organizations to enhance project efficiency, improve team collaboration, and consistently deliver successful project outcomes.
Ensuring the Right Resources for the Right Projects
By leveraging intelligent Workday Project Management software to connect human capital management, financial management, expenses, CPQ, and time tracking in one solution, organizations can better control project costs and ensure continuous improvement across business units.
Workday’s seamless project management capabilities empower project teams to access project tasks, data, and visualizations in the same system. This eliminates the need to switch between systems to assess project status and improves visibility across the organization.
Talent search
Leverage Skills Cloud connections to automatically suggest skills to fill critical project roles and facilitate intelligent resource staffing, regardless of the scope or complexity of each project.
Resource management
Create visualizations for critical staffing needs, compare worker performance, improve talent sourcing, and build accurate forecasts for future project demand — all in one platform.
Talent matching
Align project manager talent with critical requirements based on core skills, availability, competencies, past project performance, job role, and more.
Key Features of Workday’s Project Management Suite
Workforce planning
With prebuilt connections to Workday Services CPQ and CRM tools, users can facilitate comprehensive project and scenario planning, ensure adequate staffing, and improve overall compliance. This way, companies can improve modeling for billable and non-billable projects and manage project progress from any device, optimizing resource allocation and maximizing profitability.
Cost and progress monitoring
Project managers and other employees can leverage Workday’s Excel-like worksheet functionality to create dynamic resource forecasts, improving analysis for critical project costs, such as expenses, supplier invoices, labor, and journal entry allocation.
Customer-defined workflows and advanced data analysis tools empower users to improve control over critical project activities, create budgets for both top-down and bottom-up levels, and enhance overall project management, ultimately maximizing project revenue.
Results analysis
Workday provides real-time reporting, drill-down metrics, and embedded analytics capabilities to improve visibility for key project data and empower users to manage labor and spend costs throughout the project accurately.
By integrating margin and profitability analysis, project costing, and financial reporting into a single system, Workday enables users to automate journaling for capital projects, enhance business dimensionality, and ensure project success.
Talent management
Project teams can leverage centralized resource management dashboards and automated resource assignment capabilities to staff projects based on skills, availability, or past performance and track progress over time. Workday also provides big data and machine learning technology to predict workforce attrition accurately, proactively identify high performers, and quickly address key staffing needs.
Benefits for Enterprise Users
Real-time Visibility: Workday Project Management seamlessly integrates project data with financial, HR, and payroll information already in Workday. This eliminates data silos, providing internal teams with a single source of truth and real-time visibility into project costs, resource utilization, and overall project health.
Financial Management: Workday Project Management simplifies this by automating expense reporting, time tracking, and billing processes directly linked to project tasks. This allows internal teams to accurately track actual costs against budgets, identify potential overruns early, and maintain tighter control over project financials without requiring manual data reconciliation across separate systems.
Enhanced Resource Planning: A critical challenge for internal teams is allocating the right people to the right projects while avoiding burnout or underutilization. Workday’s advanced project management features empower managers to optimize staffing decisions, forecast future resource needs, and ensure that internal talent is effectively deployed across all projects, improving overall productivity and team satisfaction.
Improved Collaboration: The software centralizes communication, task assignments, and document sharing within project workspaces. Internal team members can easily collaborate on deliverables, track progress, and provide updates in real-time. This improved transparency and ease of interaction enhance accountability across the team, ensuring the right people are involved in key project objectives.
How Can We Help?
Whether you need help outlining plans for a new Workday implementation project, additional support managing projects across multiple business units, or just an extra hand ensuring adequate resource utilization over time, Surety Systems is here to help.
Our senior-level Workday consultants have the technical and functional know-how to understand your project needs and keep your internal teams on the same page, no matter what.
Contact Us
For more information about our Workday consulting services or to get started on a project with our team of expert consultants, contact us today.
