extremely costly to a company if they happen on a large scale. Project management software takes the guesswork out of resource allocation by helping you plan and prioritize based on data. Capacity and demand planning reconcile the volume of work that needs to be done with your team's actual capacity. You can also test out "what-ifIr scenarios by plugging in variables and letting the system predict their impact. Once you've seen the data, you can decide how to best allocate resources to yield results instead of wasted money. . Realtime resource optimization: Speaking of capacity and demand planning almost as soon as you dene your ideal levels, you can expect them to change. This means your distribution of materials, labor and equipment will also need to change and making this kind of end-to-end adjustment manually would be painstaking, if not impossible. Good software, on the other hand, gives you quick exibility. With many project management solutions, you can drag and drop resource assignments with a few clicks, and if you're using a cloud-based solution like LiquidPlanner, all the relevant stakeholders will have access to the updated conditions, so no one gets left behind. These are only a few of the ways project management software can improve your resource management strategy. You can also expect to see more accurate job costing, the ability to give your teams more autonomy, and a better understanding of the interdependencies between projects, resources, skills, and positions. A well-balanced portfolio is only made possible by an optimized resource pool. Project management software happens to be the most useful tool in the industry for accomplishing this