Archive for Resource Projection
Resource Projection Best Practice 7 – Qualification Projections
Performance proficiency for any given task is only maintained through repetitive performance over time. Without ongoing practice, performance declines until a point is reached when the individual is incapable of performing the task at a level consistent with existing standards and expectations. Additionally, those not routinely performing a task are commonly unaware of changes in [...]
Read moreResource Projection Warning Flag 1 – Assumed Discretionary Effort
Every day, executives, managers, and employees are asked to do more and more with less and less. Sometimes this pressure results in work streamlining, better prioritization and new more efficient methods. At other times, individuals simply accomplish more because they work additional uncompensated hours.
Read moreNew Whitepaper Release – 80 Percent Efficiency Estimate
StrategyDriven contributors are pleased to announce the release of our eighth whitepaper: Resource Projection – 80 Percent Efficiency Estimate. Perfect human efficiency? Not likely. How then should personnel resources be estimated? Human beings are social creatures with both emotional and physical needs. Businesses able to satisfy these needs will be better positioned to attract and [...]
Read moreResource Projection Best Practice 6 – The 45 Week Year
There are 52 weeks in a year. So a full-time employee works 52 weeks in a year, right? Wrong! In fact, employers typically pay employees to not work 10 percent or more per year. Consider these common benefits: 2 weeks or more of annual paid vacation (US average = 2.6 weeks) Source: The Atlanta Journal-Constitution [...]
Read moreResource Projection Best Practice 5 – The 40 Hour Work Week
For the purposes of personnel resource estimation, what is an individual worth? The answer may seem obvious. A full-time equivalent (FTE) or full-time employee is typically considered to be ‘worth’ 2000 hours of labor per year; calculated as the product of fifty, 40 hour work weeks. But does any full-time employee really work just 40 [...]
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