{"id":1456,"date":"2021-01-30T00:10:34","date_gmt":"2021-01-30T00:10:34","guid":{"rendered":"http:\/\/ec2-52-95-249-27.ap-south-1.compute.amazonaws.com:8000\/blog\/?p=1456"},"modified":"2023-12-20T20:44:21","modified_gmt":"2023-12-20T20:44:21","slug":"4-steps-perfect-project-pipeline-management-strategy","status":"publish","type":"post","link":"http:\/\/ec2-52-95-249-27.ap-south-1.compute.amazonaws.com:8000\/blog\/4-steps-perfect-project-pipeline-management-strategy\/","title":{"rendered":"4 steps to perfect your Project Pipeline Management strategy"},"content":{"rendered":"<p><strong>\u2018Project roadblocks\u2019, \u2018project bottlenecks\u2019<\/strong>, and so on are ominous words in a <a href=\"http:\/\/ec2-52-95-249-27.ap-south-1.compute.amazonaws.com:8000\/blog\/cheatsheet-achieve-project-managers-career-goals-objectives\/\" target=\"_blank\" rel=\"noopener noreferrer\">project manager\u2019s<\/a> lexicon. No manager will appreciate an eleventh-hour challenge and rethink, \u2018Why didn\u2019t I see this coming?\u2019. It is necessary to get future-ready for <strong>pipeline projects<\/strong>.<\/p>\n<p><span class=\"quote-style\">When every attribute of the <a href=\"http:\/\/ec2-52-95-249-27.ap-south-1.compute.amazonaws.com:8000\/blog\/5-project-selection-criteria-structure-project-management-office\/\" target=\"_blank\" rel=\"noopener noreferrer\">project<\/a> is in place, including clear project goals, budget, and resources to execute the tasks, its success can be guaranteed.<\/span><\/p>\n<p>Moreover, <strong><a href=\"http:\/\/ec2-52-95-249-27.ap-south-1.compute.amazonaws.com:8000\/blog\/the-holygrail-of-resource-planning-in-project-management\/\" target=\"_blank\" rel=\"noopener noreferrer\">planning<\/a> before project initiation<\/strong> equips them to effectively assess the project scope, feasibility and even bridge any existing skill gap.<\/p>\n<p>In fact, according to <a href=\"https:\/\/hbr.org\/2015\/01\/companies-with-a-formal-sales-process-generate-more-revenue\" target=\"_blank\" rel=\"noopener noreferrer\"><strong>HBR<\/strong><\/a>, companies with effective pipeline management had an average <strong>growth rate of 5.3<\/strong>, a 15 percent increase from companies who lack it.<\/p>\n<p>However, managing the project pipeline is easier said than done. It requires a <strong>well-documented strategy<\/strong> that is followed for every project in the pipeline to standardize the process and ensure smooth execution.<\/p>\n<p>This article takes you through the basics of <strong>project pipeline management<\/strong> and the steps you should follow to develop the right <strong>management strategy<\/strong>.<\/p>\n<p><a href=\"https:\/\/www.saviom.com\/resource-management-software\/capacity-planning-software.php\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-6924 fullwidth_img aligncenter\" src=\"http:\/\/ec2-52-95-249-27.ap-south-1.compute.amazonaws.com:8000\/blog\/wp-content\/uploads\/2021\/01\/Avoid-last-minute-resourcing-hurdles-in-projects.png\" alt=\"\" width=\"810\" height=\"335\" srcset=\"http:\/\/ec2-52-95-249-27.ap-south-1.compute.amazonaws.com:8000\/blog\/wp-content\/uploads\/2021\/01\/Avoid-last-minute-resourcing-hurdles-in-projects.png 810w, http:\/\/ec2-52-95-249-27.ap-south-1.compute.amazonaws.com:8000\/blog\/wp-content\/uploads\/2021\/01\/Avoid-last-minute-resourcing-hurdles-in-projects-300x124.png 300w, http:\/\/ec2-52-95-249-27.ap-south-1.compute.amazonaws.com:8000\/blog\/wp-content\/uploads\/2021\/01\/Avoid-last-minute-resourcing-hurdles-in-projects-768x318.png 768w\" sizes=\"(max-width: 810px) 100vw, 810px\" \/><\/a><br \/>\nAddressing the first question,<\/p>\n<h2 id=\"1\" class=\"target\">What is Project Pipeline management?<\/h2>\n<ul>\n<li>\n<h3>Definition<\/h3>\n<\/li>\n<\/ul>\n<p><strong>Project pipeline management<\/strong> is a <strong>definitive process<\/strong> that consists of steps required to select the right project for the firm after assessing the scope, estimating revenue, and <a href=\"http:\/\/ec2-52-95-249-27.ap-south-1.compute.amazonaws.com:8000\/blog\/the-holygrail-of-resource-planning-in-project-management\/\" target=\"_blank\" rel=\"noopener noreferrer\">planning and scheduling<\/a> the appropriate resources in advance.<\/p>\n<p>It ensures that the projects taken up by the firm meet the overall <strong>strategic objectives<\/strong> and positively impact the bottom line.<\/p>\n<ul>\n<li>\n<h3>Objective<\/h3>\n<\/li>\n<\/ul>\n<p>The main aim of <strong>project pipeline management<\/strong> is to ascertain that none of the <strong>critical <a href=\"http:\/\/ec2-52-95-249-27.ap-south-1.compute.amazonaws.com:8000\/blog\/top-project-metrics-you-need\/\" target=\"_blank\" rel=\"noopener noreferrer\">project metrics<\/a><\/strong> are overlooked. It facilitates <strong>systematic documentation<\/strong> of the project plan, financial estimation, and <a href=\"http:\/\/ec2-52-95-249-27.ap-south-1.compute.amazonaws.com:8000\/blog\/comprehensive-guide-to-resource-capacity-planning\/\" target=\"_blank\" rel=\"noopener noreferrer\">resource capacity plan<\/a>. Managing pipeline projects also <strong>streamlines the sales process<\/strong> by enabling smooth coordination and collaboration between the sales and delivery team.<\/p>\n<p>Project pipeline management aligns the projects with the firm\u2019s mission and vision. Only after diligently assessing the overall revenue, feasibility, and purpose of the project, can the project managers go ahead and take up the project. If the purpose of the project does not add value to the firm\u2019s objectives, it&#8217;s not smart to invest resources and effort into it.<\/p>\n<p>In a nutshell, the intent of implementing <strong>a project pipeline management strategy<\/strong> is to plan for last-minute hurdles in future projects. It will help you ensure its <strong>profitability <\/strong> and take a step ahead towards completing the <strong>firm\u2019s strategic goals.<\/strong><\/p>\n<p>With the definition and objective of a pipelined project, let\u2019s understand various steps associated with this process.<\/p>\n<p><a style=\"border-bottom: none !important;\" href=\"http:\/\/ec2-52-95-249-27.ap-south-1.compute.amazonaws.com:8000\/blog\/project-resource-management-an-ultimate-guide-on-how-to-master-it\/\" target=\"_blank\" rel=\"noopener noreferrer\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-5471 fullwidth_img aligncenter\" src=\"http:\/\/ec2-52-95-249-27.ap-south-1.compute.amazonaws.com:8000\/blog\/wp-content\/uploads\/2020\/06\/Project-Resource-Management-An-Ultimate-Guide-on-How-to-Master-it.png\" alt=\"The Definitive Guide to Resource Scheduling\" width=\"830\" height=\"103\" srcset=\"http:\/\/ec2-52-95-249-27.ap-south-1.compute.amazonaws.com:8000\/blog\/wp-content\/uploads\/2020\/06\/Project-Resource-Management-An-Ultimate-Guide-on-How-to-Master-it.png 830w, http:\/\/ec2-52-95-249-27.ap-south-1.compute.amazonaws.com:8000\/blog\/wp-content\/uploads\/2020\/06\/Project-Resource-Management-An-Ultimate-Guide-on-How-to-Master-it-300x37.png 300w, http:\/\/ec2-52-95-249-27.ap-south-1.compute.amazonaws.com:8000\/blog\/wp-content\/uploads\/2020\/06\/Project-Resource-Management-An-Ultimate-Guide-on-How-to-Master-it-768x95.png 768w\" sizes=\"(max-width: 830px) 100vw, 830px\" \/><\/a><\/p>\n<h2 id=\"2\" class=\"target\">Steps to get your project pipeline management strategy right<\/h2>\n<p><strong>Aristotle<\/strong>, the Greek Philosopher, explained the pipeline management process with his great philosophy,<\/p>\n<p><em>\u2018First, have a definite, clear, ideal, practical, a goal, an objective. Second, have the necessary means to achieve your ends, wisdom, money, materials, and methods. Third, adjust all your means to that end.\u2019<\/em><\/p>\n<h3>Implement right resourcing measures<\/h3>\n<p>Before taking up any project, the first step is to analyze if you have enough and the right resources to accomplish the project work. Committing without gauging the <a href=\"http:\/\/ec2-52-95-249-27.ap-south-1.compute.amazonaws.com:8000\/blog\/workforce-planning-how-to-master-it-for-business-efficiency\/\" target=\"_blank\" rel=\"noopener noreferrer\">workforce<\/a> and their competencies will affect the project\u2019s quality and can negatively influence your firm\u2019s reputation.<\/p>\n<p>This step of <strong>assessing the resource pool<\/strong> serves two important purposes:<\/p>\n<ul>\n<li>It will help you get an <strong>overview of available<\/strong> <strong><a href=\"http:\/\/ec2-52-95-249-27.ap-south-1.compute.amazonaws.com:8000\/blog\/how-to-measure-resource-capacity-and-demand\/\" target=\"_blank\" rel=\"noopener noreferrer\">resource capacity<\/a><\/strong>, their skillset, and their charge-out rates required to reach the project milestones.<\/li>\n<li style=\"margin-bottom: 15px;\">Based on the availability and capacity, managers can assess the <strong>resourcing measures<\/strong> (hiring\/upskilling\/reskilling\/training) they need to implement to begin the project. At the same time, they can also evaluate if the project is profitable after estimating the <strong>resourcing costs.<\/strong><\/li>\n<\/ul>\n<p>Since <strong>budget and timeline<\/strong> are the deciding factors of a project\u2019s success, managers must take a closer look at the firm\u2019s <strong>workforce and skill matrix<\/strong>.<\/p>\n<p><span class=\"quote-style\">Equipping an <strong><a href=\"https:\/\/www.saviom.com\/resource-management-software.php\" target=\"_blank\" rel=\"noopener noreferrer\">advanced resource management tool<\/a><\/strong> will provide a <strong>birds-eye<\/strong> view of the resource profiles, and <a href=\"http:\/\/ec2-52-95-249-27.ap-south-1.compute.amazonaws.com:8000\/blog\/the-definitive-guide-to-resource-scheduling\/\" target=\"_blank\" rel=\"noopener noreferrer\">schedules<\/a>. This unified view makes the first step of the <strong>project pipeline management strategy<\/strong> convenient and hassle-free.<\/span><\/p>\n<p><a style=\"border-bottom: none !important;\" href=\"https:\/\/www.saviom.com\/ebook-registration.php?callFor=EBOOK&amp;ActionType=BDEBOOK&amp;ArticalTitle=The%20Comprehensive%20Guide%20to%20Resource%20Capacity%20Planning\" target=\"_blank\" rel=\"noopener noreferrer\"><img loading=\"lazy\" decoding=\"async\" class=\"size-large fullwidth_img wp-image-4757 aligncenter\" src=\"http:\/\/ec2-52-95-249-27.ap-south-1.compute.amazonaws.com:8000\/blog\/wp-content\/uploads\/2021\/01\/img-3-comprehensive-guide-1024x394.png\" alt=\"Significance of resource loading in project management\" width=\"1024\" height=\"394\" \/><\/a><\/p>\n<h3>Gauge every factor and make accurate estimates<\/h3>\n<p>The <strong>accuracy of estimation and evaluation<\/strong> of project parameters decide if you will face future project bottlenecks.<\/p>\n<p><strong>For example,<\/strong> if there is a <strong>mismatch<\/strong> between actual resources required to complete a critical task versus your estimation, then you will face challenges in the project execution. Either you will have to request <a href=\"http:\/\/ec2-52-95-249-27.ap-south-1.compute.amazonaws.com:8000\/blog\/manage-resources-effectively\/\" target=\"_blank\" rel=\"noopener noreferrer\">resources<\/a> from resource managers at the last minute or hire expensive resources. This will not only affect your project\u2019s timeline but also cause budget overruns.<\/p>\n<p><strong>Project managers<\/strong> must therefore draw out an accurate <strong>estimated project plan<\/strong> to ensure <strong>timely delivery and within budget<\/strong>. In addition to evaluating resourcing measures, managers must meticulously <strong>estimate the budget, <a href=\"http:\/\/ec2-52-95-249-27.ap-south-1.compute.amazonaws.com:8000\/blog\/enterprise-risk-management-framework-core-components\/\" target=\"_blank\" rel=\"noopener noreferrer\">potential risks<\/a>, goals,<\/strong> and most importantly, the <strong>overall revenue<\/strong>. All these factors put together define the quality and success of your final deliverable.<\/p>\n<p>After analyzing every factor, <a href=\"http:\/\/ec2-52-95-249-27.ap-south-1.compute.amazonaws.com:8000\/blog\/project-managers-manage-unplanned-leaves\/\" target=\"_blank\" rel=\"noopener noreferrer\">project managers<\/a> are authorized to take a \u2018go\u2019 or a \u2018no-go\u2019 decision based on two main parameters:<\/p>\n<ol style=\"font-size: 18px;\">\n<li style=\"margin-bottom: 15px;\">If the revenue meets the organization\u2019s expectations or<\/li>\n<li style=\"margin-bottom: 15px;\">Whether the project helps you meet the firm\u2019s strategic goal<\/li>\n<\/ol>\n<p><a style=\"border-bottom: none !important;\" href=\"http:\/\/ec2-52-95-249-27.ap-south-1.compute.amazonaws.com:8000\/blog\/the-definitive-guide-to-resource-scheduling\/\" target=\"_blank\" rel=\"noopener noreferrer\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-5557 fullwidth_img aligncenter\" src=\"http:\/\/ec2-52-95-249-27.ap-south-1.compute.amazonaws.com:8000\/blog\/wp-content\/uploads\/2021\/03\/Definitive-guide-to-rs.png\" alt=\"Resource Forecasting Guide for Project Managers\" width=\"830\" height=\"103\" srcset=\"http:\/\/ec2-52-95-249-27.ap-south-1.compute.amazonaws.com:8000\/blog\/wp-content\/uploads\/2021\/03\/Definitive-guide-to-rs.png 830w, http:\/\/ec2-52-95-249-27.ap-south-1.compute.amazonaws.com:8000\/blog\/wp-content\/uploads\/2021\/03\/Definitive-guide-to-rs-300x37.png 300w, http:\/\/ec2-52-95-249-27.ap-south-1.compute.amazonaws.com:8000\/blog\/wp-content\/uploads\/2021\/03\/Definitive-guide-to-rs-768x95.png 768w\" sizes=\"(max-width: 830px) 100vw, 830px\" \/><\/a><\/p>\n<h3>Create a sound financial roadmap to ensure profitability<\/h3>\n<p>Generating substantial revenue after project completion is imperative to get a significant <strong>Return on Investment (ROI)<\/strong>. When your <strong>project is profitable<\/strong>, it improves your firm\u2019s topline.<\/p>\n<p>Naturally, no program or project manager wants to invest in efforts, time, and resources where there is no return.<\/p>\n<p>After deciding which projects are feasible and beneficial, the next step will be to draw out a sound plan in the form of a <strong>financial roadmap<\/strong>.<\/p>\n<p>First, of all, <strong>categorize the projects<\/strong> in \u2018likely\u2019, \u2018not likely\u2019, and \u2018certain\u2019 sub-sections to assess the <strong><a href=\"http:\/\/ec2-52-95-249-27.ap-south-1.compute.amazonaws.com:8000\/blog\/maximize-profitable-resource-utilization-with-modern-resource-management-software\/\" target=\"_blank\" rel=\"noopener noreferrer\">profitability<\/a> <\/strong>of the overall pipeline. Work on developing the plan for projects with a higher probability of occurrence.<\/p>\n<p>Consider the following tips while you generate this plan:<\/p>\n<ul>\n<li style=\"margin-bottom: 15px;\">Create the <strong>right resource mix<\/strong> having the right skill sets to keep the <a href=\"http:\/\/ec2-52-95-249-27.ap-south-1.compute.amazonaws.com:8000\/blog\/5-ways-reduce-project-management-costs\/\" target=\"_blank\" rel=\"noopener noreferrer\">project costs<\/a> in check.<\/li>\n<li style=\"margin-bottom: 15px;\"><a href=\"http:\/\/ec2-52-95-249-27.ap-south-1.compute.amazonaws.com:8000\/blog\/resource-allocation-a-guide-on-how-to-apply-it-on-project-management\/\" target=\"_blank\" rel=\"noopener noreferrer\"><strong>Allocate work to the workforce<\/strong><\/a> from <strong>low-cost locations<\/strong> with the same competencies to minimize project resourcing costs.<\/li>\n<li style=\"margin-bottom: 15px;\">Learn from the past project\u2019s <strong>\u2018forecast vs. actual\u2019 reports<\/strong> to improve future <a href=\"http:\/\/ec2-52-95-249-27.ap-south-1.compute.amazonaws.com:8000\/blog\/resource-forecasting-guide-for-project-managers\/\" target=\"_blank\" rel=\"noopener noreferrer\">forecasting<\/a> and align it to reality. Similarly, use past <strong>forecast vs. actual timeline reports<\/strong> to ensure that you stick to the given period and avoid facing a billing loss.<\/li>\n<li style=\"margin-bottom: 15px;\">Run <strong>what-if analysis<\/strong> on advanced tools to generate the best outcome. It enables you to simulate different scenarios with the given constraints and select the most profitable one.<\/li>\n<\/ul>\n<p>These above-mentioned management tips will enable you to <strong><a href=\"http:\/\/ec2-52-95-249-27.ap-south-1.compute.amazonaws.com:8000\/blog\/reduce-resourcing-cost-by-10-30-with-modern-resource-management-software\/\" target=\"_blank\" rel=\"noopener noreferrer\">reduce resourcing costs<\/a><\/strong> and enhance accuracy in <strong>project financial planning<\/strong>. Moreover, you will be able to find out the best-fit resources to increase the profit margins. An intuitive <strong><a href=\"https:\/\/www.saviom.com\/resource-management-software\/capacity-planning-software.php\" target=\"_blank\" rel=\"noopener noreferrer\">forecasting and capacity planning<\/a> tool<\/strong> will help you achieve all this and more.<\/p>\n<p><a style=\"border-bottom: none !important;\" href=\"http:\/\/ec2-52-95-249-27.ap-south-1.compute.amazonaws.com:8000\/blog\/managing-resources-across-multiple-projects\/\" target=\"_blank\" rel=\"noopener noreferrer\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-5300 fullwidth_img aligncenter\" src=\"http:\/\/ec2-52-95-249-27.ap-south-1.compute.amazonaws.com:8000\/blog\/wp-content\/uploads\/2016\/12\/Art-of-Resource-Allocation.png\" alt=\"Project Management Vs. Resource Management\" width=\"830\" height=\"103\" srcset=\"http:\/\/ec2-52-95-249-27.ap-south-1.compute.amazonaws.com:8000\/blog\/wp-content\/uploads\/2016\/12\/Art-of-Resource-Allocation.png 830w, http:\/\/ec2-52-95-249-27.ap-south-1.compute.amazonaws.com:8000\/blog\/wp-content\/uploads\/2016\/12\/Art-of-Resource-Allocation-300x37.png 300w, http:\/\/ec2-52-95-249-27.ap-south-1.compute.amazonaws.com:8000\/blog\/wp-content\/uploads\/2016\/12\/Art-of-Resource-Allocation-768x95.png 768w\" sizes=\"(max-width: 830px) 100vw, 830px\" \/><\/a><\/p>\n<h3>Review and improve your sales process periodically<\/h3>\n<p>An <strong>effective sales process<\/strong> builds the foundation of a successful pipeline. A pipeline consists of multiple projects and not every project is on the same stage. Some are yet to be approved, some are certain to happen, and so on.<\/p>\n<p>The sales team has to coordinate with the project execution team to keep track of these projects while they are generating more leads for the firm. Thus, given the complexities of sales and delivery, managers must strive to establish a <strong>well-defined sales process<\/strong>.<\/p>\n<p>One should take care of the following aspects whilst developing this process:<\/p>\n<ul>\n<li style=\"margin-bottom: 15px;\"><strong>Categorize and sub-divide<\/strong> projects to clarify the stage of each one of them. Provide this visibility to the delivery team to help them plan the projects better.<\/li>\n<li style=\"margin-bottom: 15px;\">While some team members are working with the delivery team to specify the client\u2019s expectations and deliverables, ensure that others are following up with the leads. This will <strong>keep the sales workflow going.<\/strong><\/li>\n<li style=\"margin-bottom: 15px;\"><strong><a href=\"http:\/\/ec2-52-95-249-27.ap-south-1.compute.amazonaws.com:8000\/blog\/5-ways-to-improve-collaboration-between-departments\/\" target=\"_blank\" rel=\"noopener noreferrer\">Collaborate<\/a> with the delivery team<\/strong> at regular intervals to ensure that the project work is in-line with the client\u2019s requirements.<\/li>\n<li style=\"margin-bottom: 15px;\">Along with syncing with the delivery team, keep the accounts team in the loop to ensure timely payments from the clients.<\/li>\n<li style=\"margin-bottom: 15px;\"><strong>Communicate the timeline, milestones, and budget<\/strong> to the client with utmost transparency. Convey the progress of projects at each stage to ensure that the team is working in the right direction. In case of discrepancies, take feedback from the client, communicate the same to the project managers, and act proactively.Note that, in case your client wants multiple amendments to their requirements, do not hesitate to clarify the extra costs that they might incur.<\/li>\n<li style=\"margin-bottom: 15px;\">Last but not the least, <strong>review and weigh your sales process<\/strong> regularly. Use historic data to ensure that the mistakes aren\u2019t repeated. Take feedback from the sales and delivery team. Make necessary changes and evolve the process as and when needed.The HBR survey reveals that companies that spent at least three hours per month managing each pipeline saw <strong>11% greater revenue growth<\/strong> than firms that didn\u2019t.<\/li>\n<\/ul>\n<p><span class=\"quote-style\">The bottom line is, for a pipeline to be successful, the sales and delivery team must work in a coalition.<\/span><\/p>\n<p>The job of the sales team is to accept the projects that come our way. But the onus is on the delivery team to first analyze its feasibility, and if it is, take the necessary steps to get it right.<\/p>\n<p>In case there is a misalignment between them, the project quality will suffer. Therefore, it\u2019s imperative to establish an organized sales process and ensure all the authorities are informed.<\/p>\n<p>These are the major steps to be followed to form an <strong>effective project pipeline management strategy<\/strong>.<\/p>\n<p><a style=\"border-bottom: none !important;\" href=\"http:\/\/ec2-52-95-249-27.ap-south-1.compute.amazonaws.com:8000\/blog\/how-to-manage-resources-in-agile-project-management\/\" target=\"_blank\" rel=\"noopener noreferrer\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-5060 fullwidth_img aligncenter\" src=\"http:\/\/ec2-52-95-249-27.ap-south-1.compute.amazonaws.com:8000\/blog\/wp-content\/uploads\/2021\/01\/How-to-Manage-Resources-Read-More-Post-1.png\" alt=\"4 steps to perfect your Project Pipeline Management strategy\" width=\"830\" height=\"103\" srcset=\"http:\/\/ec2-52-95-249-27.ap-south-1.compute.amazonaws.com:8000\/blog\/wp-content\/uploads\/2021\/01\/How-to-Manage-Resources-Read-More-Post-1.png 830w, http:\/\/ec2-52-95-249-27.ap-south-1.compute.amazonaws.com:8000\/blog\/wp-content\/uploads\/2021\/01\/How-to-Manage-Resources-Read-More-Post-1-300x37.png 300w, http:\/\/ec2-52-95-249-27.ap-south-1.compute.amazonaws.com:8000\/blog\/wp-content\/uploads\/2021\/01\/How-to-Manage-Resources-Read-More-Post-1-768x95.png 768w\" sizes=\"(max-width: 830px) 100vw, 830px\" \/><\/a><\/p>\n<p>In addition to this, project managers can leverage these <strong>additional tips<\/strong> to enhance the <strong>strategy and planning process<\/strong> even more.<\/p>\n<p>Let\u2019s have a look at them:<\/p>\n<h2 id=\"3\" class=\"target\">Conclusion- Takeaway tips<\/h2>\n<ul>\n<li style=\"margin-bottom: 15px;\">While selecting projects, the delivery team or the project managers must <strong>analyze the financials<\/strong> and take up the ones that will generate <strong>recurring revenue<\/strong>.<\/li>\n<li style=\"margin-bottom: 15px;\"><strong>Implement advanced <a href=\"http:\/\/ec2-52-95-249-27.ap-south-1.compute.amazonaws.com:8000\/blog\/project-management-vs-resource-management\/\" target=\"_blank\" rel=\"noopener noreferrer\">project management and resource management<\/a><\/strong> tools to document and view real-time project progress.<\/li>\n<li style=\"margin-bottom: 15px;\">Project managers need to regularly keep in touch with the sales team to stay up-to-date about client\u2019s expectations and requirements.<\/li>\n<li style=\"margin-bottom: 15px;\"><strong>Make the right resourcing decisions<\/strong> based on the project pipeline. Acquire critical resources for \u2018most likely\u2019 or \u2018certain\u2019 projects to <a href=\"http:\/\/ec2-52-95-249-27.ap-south-1.compute.amazonaws.com:8000\/blog\/5-best-practices-better-capacity-management\/\" target=\"_blank\" rel=\"noopener noreferrer\">bridge the capacity vs. demand gap<\/a> in advance.<\/li>\n<li style=\"margin-bottom: 15px;\"><strong>Implement <a href=\"http:\/\/ec2-52-95-249-27.ap-south-1.compute.amazonaws.com:8000\/blog\/top-7-business-benefits-of-training-scheduling-software\/\" target=\"_blank\" rel=\"noopener noreferrer\">training<\/a> or upskilling programs<\/strong> for resources already on the bench or likely to end up on the bench.<\/li>\n<li style=\"margin-bottom: 15px;\"><strong>Utilize <a href=\"https:\/\/www.saviom.com\/resource-management-software\/reports.php\" target=\"_blank\" rel=\"noopener noreferrer\">intuitive reports and dashboards<\/a><\/strong> generated via Business Intelligence to get a comprehensive view of every project metric.<\/li>\n<li style=\"margin-bottom: 15px;\"><strong>Avoid <a href=\"http:\/\/ec2-52-95-249-27.ap-south-1.compute.amazonaws.com:8000\/blog\/5-best-methods-successful-resource-allocation-2\/\" target=\"_blank\" rel=\"noopener noreferrer\">allocating a mismatched skillset<\/a><\/strong> to a project task, as it will not only hamper the progress but will also lower the employee\u2019s <a href=\"http:\/\/ec2-52-95-249-27.ap-south-1.compute.amazonaws.com:8000\/blog\/effects-of-low-productivity-business-growth\/\" target=\"_blank\" rel=\"noopener noreferrer\">productivity<\/a>.<\/li>\n<\/ul>\n<p>These are the tips and tricks you can follow to manage the<strong> project pipeline<\/strong> efficiently. A <strong>methodical approach<\/strong> will improve project estimations, project and <a href=\"http:\/\/ec2-52-95-249-27.ap-south-1.compute.amazonaws.com:8000\/blog\/what-is-resource-planning-and-why-is-it-important\/\" target=\"_blank\" rel=\"noopener noreferrer\">resource plans<\/a>, and enable the managers to make data-driven decisions based on real-time insights.<\/p>\n<p>What has been your approach for <strong>effective project pipeline management?<\/strong><\/p>\n<h2 id=\"4\" class=\"target\">The Glossary<\/h2>\n<p><a style=\"border-bottom: 0px;\" href=\"http:\/\/ec2-52-95-249-27.ap-south-1.compute.amazonaws.com:8000\/blog\/the-complete-glossary-of-resource-or-workforce-planning-scheduling-and-management\/\" target=\"_blank\" rel=\"noopener noreferrer\"><img decoding=\"async\" class=\"size-full fullwidth_img wp-image-4606 aligncenter\" src=\"http:\/\/ec2-52-95-249-27.ap-south-1.compute.amazonaws.com:8000\/blog\/wp-content\/uploads\/2020\/11\/the-complete-glossary-of-resource-or-workforce-planning-scheduling-and-management-post.png\" alt=\"A Comprehensive Guide to Resource Planning in Project Management\" width=\"728\" height=\"auto\" \/><\/a><\/p>\n<h2 id=\"5\" class=\"target\">The SAVIOM Solution<\/h2>\n<p>SAVIOM is no doubt the market leader in offering the most powerful and configurable <a href=\"https:\/\/www.saviom.com\/resource-management-software.php\" target=\"_blank\" rel=\"noopener noreferrer\">Enterprise Resource Management Solution<\/a>. Having more than 20 years of experience, this Australian-based MNC has a global presence in over 50 countries. It is also popular with more than 100 customers and helping them to achieve their business goals. SAVIOM also has products for <a href=\"https:\/\/www.saviom.com\/project-portfolio-management-software.php\" target=\"_blank\" rel=\"noopener noreferrer\">project portfolio management<\/a>, <a href=\"https:\/\/www.saviom.com\/professional-service-automation.php\" target=\"_blank\" rel=\"noopener noreferrer\">professional service automation<\/a>, and <a href=\"https:\/\/www.saviom.com\/workforce-planning-software.php\" target=\"_blank\" rel=\"noopener noreferrer\">workforce planning software<\/a> which can be easily customized as per business requirements.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>\u2018Project roadblocks\u2019, \u2018project bottlenecks\u2019, and so on are ominous words in a project manager\u2019s lexicon. No manager will appreciate an eleventh-hour challenge and rethink, \u2018Why didn\u2019t I see this coming?\u2019. It is necessary to get future-ready for pipeline projects. When every attribute of the project is in place, including clear project goals, budget, and resources [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[60],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>how to perfect project pipeline management strategy<\/title>\n<meta name=\"description\" content=\"Managing a project pipeline eliminates potential roadblocks and ensures profitability. 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