Cultivating the Project Lifecycle with Deltek Talent Management
At Deltek, we live and breathe Talent Management and the project lifecycle. These two important aspects of the project based business share certain synergies that are often overlooked. Deltek is unique in that we have a targeted focus on solving the challenges that organizations like yours face every day and delivering solutions like Deltek Talent Management that provides the features and functionality to help you deliver even better projects.
So, how do you cultivate the project life cycle by optimizing your use of Deltek Talent Management? Not every project is identical, but the basic concepts are consistent and by using that as a starting point, we can begin the discussion. It helps to think of a project that impacts us every day, but does not require a formal work breakdown structure and where, the process and requirements are the same. I’ll use farming as my example.
With farming the cycle is well defined, simple, repeatable, and reliable with a clear goal to produce a harvest of natural, organic goods. If we reduce the process to the most basic steps, you have to prepare the land > then plant your seeds > nurture, fertilize and water your plants > harvest your crop, then repeat the process for a new harvest.
Granted this is a highly simplified description of what goes into the process of growing food, but it gives us a good framework of the project from start to finish. Project planning can be that simple, as long as you have a clear and repeatable defined steps. You have outlined your tasks, considered the risks, created a contingency plan, and have the proper tools to accomplish the desired outcome. .
Now let’s shift that lifecycle model to talent management. Deltek Talent Management is a critical piece in any project because your people are at the very heart of the project lifecycle. Talent Management is where the project begins by identifying, hiring, and cultivating high performance teams and then retaining that top talent for future project positions. Without the right talent solution in place, your project could very easily crash before it even begins.
Similar to the farming example, let’s take a simplified look at what the Talent process looks like when integrated with the project life cycle.
Recruit > Hire & Onboard > Review Performance > Teach or Train > Develop
A Talent Management solution can streamline the process by helping you:
- Identify and recruit top talent to build the high performance teams you need to win more projects
- Select candidates that best fit the project position(s) based on required skills, competencies and certifications to take the guesswork out of resource planning
- Onboard new employees faster and seamlessly transfer their data to your ERP solution without manually duplicating efforts
- Ensure employees assigned to projects are up to date on their certifications and provided learning opportunities to hone their skills. This will help you consistently grow the value of your most important asset, while minimizing risk exposure on your projects
- Review progress and provide continuous feedback throughout the process on performance and achievements, by using the solution to facilitate discussions and manage goals
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Integrated HCM for an Optimized Workforce
These five easy steps can all be accomplished using Deltek Talent Management and that is only the beginning. Once you have the basic framework in place, you’ll be able to implement an even deeper strategy by incorporating in-house learning programs, succession planning, career pathing, and mentorship programs.
A great talent management strategy is like a roadmap, but in order to plan, execute, and measure the success of that strategy, you need to have the right solution in place. Think about it. Can you say today that your solution is enabling the success of your talent management strategy? Are you able to find, nurture and retain the best talent to ensure that you’ll be repeatedly awarded the projects your organization needs to continue to grow? At the end of the day, are you able to measure how successful your firm has been in acquiring and retaining the very top talent in the marketplace? If you just shrugged your shoulders, it’s definitely time to start thinking about what an integrated talent management solution could do for your business.
I chose to relate project planning to farming because it is easy to identify with the common theme of cultivation. Doesn’t this sounds like what you do every day? Finding, recruiting, acquiring, developing and cultivating top talent? If you leverage and maximize Deltek Talent Management in this way, you’ll position yourself to deliver more successful projects! It’s often said you reap what you sow – so get to cultivating!
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