Effective project management is crucial for meeting deadlines, optimizing resources, and achieving strategic objectives in today’s fast-paced business environment.
Workday Project Management software offers a comprehensive, cloud-based solution to streamline project planning, execution, and monitoring. By integrating seamlessly with Workday’s suite of enterprise applications, this powerful tool provides real-time insights, collaborative features, and robust analytics to ensure projects are completed on time and within budget.
This article explores the key features and benefits of Workday Project Management software, highlighting how it empowers organizations to enhance project efficiency, improve team collaboration, and 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 talent with project 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 also empower users to improve control of critical project activities and create budgets for both top-down and bottom-up levels, enhancing overall project management and 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 accurately manage labor and spend costs throughout the project.
By combining margin and profitability analysis, project costing, and financial reporting in a single system, Workday also enables users to automate journaling for capital projects, improve 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 accurately predict workforce attrition, proactively identify high performers, and quickly address key staffing needs.
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.