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Press Release: Medical Research Network selects pm3time from Bestoutcome for time management
Web-based application will measure resource utilisation and skills requirementsLondon, 15 July 2013 – Bestoutcome, the leading consultancy specialising in outcome-driven project management, announced today that pm3time, its web-based timesheet application, has been selected by the Medical Research Network (MRN). The clinical trial support organisation will be using pm3time across the majority of the organisation to accurately measure resource utilisation and skills requirements, following a successful trial.
All MRN employees are required to carry out a variety of different roles, across various projects. pm3time was selected because it enables staff to measure and track time against specific projects they are working on but also to define which role they are carrying out at any given time. Time can be entered by day, part of a day, or by the hour, and is displayed in a weekly view.
Historically MRN recorded all this information on spreadsheets and then analysed it at the end of the month. It would take a day every month to collate the relevant data across its growing workforce. The management team soon realised that with its ambitious plans for growth, this could quickly spiral out of control as the company got bigger.
Simon Mouncer, finance director for the Medical Research Network said: “We were looking to replace our Excel based system and pm3time offered us a simple to implement, off the shelf solution which met our needs as a growing SME.”
pm3time enables MRN to record time to the level of granularity it requires so that they can get an improved understanding of how to effectively resource projects and identify the skills needed across the organisation. Bestoutcome has created two tailored pm3time reports to match what MRN had previously been doing manually, which saves the company administration time each month.
“pm3 time significantly reduces the administrative burden of completing and approving manual timesheets, increasing the likelihood of accurate timesheet data, simplifying reporting and allowing closer control of time booked and project costs,” says David Walton, CEO, Bestoutcome. “As the application is web-based an advantage is that timesheets and reports can be accessed from any location and administrators can get an accurate picture of resourcing in real time.”
pm3time can be integrated with PM3, Bestoutcome’s flagship project, programme and portfolio management software, so that time records can be imported to gain an instant view of resources used against budget and capacity and actual effort against forecasted effort.
About The Medical Research Network
The Medical Research Network (MRN) is a unique clinical trial support organisation offering nursing focused patient recruitment & retention solutions globally for clinical trials. Headquartered in the UK and with an established US operation, the MRN offers Site Nurse Support and Home Trial Support services across the globe. For more information please go to: www.themrn.co.uk
Bestoutcome specialises in its approach to project management known as ‘outcome-driven project management (ODPM)’in organisations operating in sectors such as finance, manufacturing, retail and the public sector. Its approach is based on delivering desired business outcomes in order to realize desired business benefits. This is achieved by using highly experienced consultants combined with PM3 – an elegant and flexible toolset – and ODPM. Formed in 2000 by a group of expert change management consultants from PriceWaterhouseCoopers and a team of senior technical specialists, Bestoutcome has worked with a variety of blue chip clients to successfully deliver some of the most demanding change projects in modern times. Bestoutcome’s starting point is always the client’s ultimate business goal. And it never loses sight of this. For more information please go to: www.bestoutcome.com
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About the author
David Walton - I am David Walton, Programme, Project and Portfolio Management specialist and director of Bestoutcome here in the UK. We make the PMO tools PM3, PM3time and PM3NHS, the only PMO tools designed by practitioners for practitioners.