15 Best Resource Management Software to Look out for in 2023

In today’s world of endless choices, finding the right resource management software for your business can get overwhelming. What you need is a feature-rich, robust tool that fits your business requirements and budget.

The modern resource management software you see in the market today has come a long way from the excel sheets or homegrown solutions of the past. These tools are equipped with a plethora of features that help you resolve complex resourcing challenges and manage your workforce efficiently.

But, with so many options, how do you filter and select the right resource management tool?

Well, we’ve got you covered! This post will give you a comprehensive list of the best resource management tools of 2023. You’ll get an in-depth overview of each software, along with screenshots, key features, pros and cons, and pricing to help you find a solution that fits your needs.

Let’s get started.

Top 15 Resource Management Software

Saviom Icon
Most configurable resource management suite for enterprises
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PMEntire Icon
Value driven project resource management
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hub-planner Icon
Best for global teams managing projects, vacations, and timesheets
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Forecast Icon
AI-driven insights for resource planning & scheduling
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Smartsheet Icon
Keeps project schedules & budget on track
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Runn Icon
Ideal for project tracking and resource planning in real time
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Resource Guru Icon
Resource scheduling simplified for project teams
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Float Icon
Good for project planning and task scheduling
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Planview Icon
Work management for collaborative project teams
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Ganttic Icon
Resource planning software to manage project portfolios
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Journyx Icon
Streamline time tracking and billing for accounting teams
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Meisterplan Icon
Optimize your project portfolio teams efficiently
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Kantata Icon
Best for managing project teams of professional services
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Toggl Plan Icon
Time-tracking software that optimizes workflow
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Scoro Icon
Work management platform for collaborative project teams
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Selection Criteria for Resource Management Software

Needlessly to say, whenever you’re looking for the best software in the market, you need to choose a secure product that prevents hackers from penetrating your internal systems. Therefore, we have identified, compared, and compiled the 15 most popular resource management software. Here are the five main criteria that we have looked at before assembling our top recommended resource management tools:

  • 1
    User Interface (UI) & User Experience (UX)

    An easy-to-navigate, seamless interface is an instant thumbs-up for any user. So, we first looked for whether the product would provide you with the information you need in a few clicks. Hence, we tested each software’s ease of navigation, flow, and data visualization.

  • 2
    Range of features

    Regarding product features, we looked for critical attributes such as workload view, forecasting, capacity planning, scheduling, competency tracking, timesheet, integrations, drag-and-drop action, modeling & simulations, and other in-built functionalities that streamline RM processes.

  • 3

    Analytics is essential because businesses rely on real-time insights to make informed decisions. Therefore, we have based our selection on the variety of reports, dashboards, and analytics offered by the tool. Plus, we have given extra points for functionalities such as slice/dice view, customizations, and data import/export.

  • 4

    One of the critical parameters to look for when buying any software is how easily it integrates with your business ecosystem. A modern resource management tool should seamlessly integrate with your existing applications to provide a single version of the truth.

  • 5
    Configurability and Expandability

    When it comes to resource management software, “one-size fits all” isn’t applicable because every business is unique, and so are its resourcing needs. As a result, the product you choose should be highly configurable and expandable to meet the evolving needs of your organization.

  • 6

    Pricing is a key factor when choosing any application. No matter what’s the price tag, it should be value for your money. That’s why we have listed down the pricing structure of each resource management tool to help you make a cost comparison. You’ll also find information on whether the software offers a free demo or trial.

Best Resource Management Software Overviews

Most configurable resource management suite for enterprises

Blog Saviom Img

Best for: 
Medium to enterprise-level organizations

SAVIOM is the pioneer and world leader in resource management software that has helped many Fortune 500 companies across 50+ countries overcome their specific resourcing needs. With over 2 decades of industry experience, Saviom Enterprise Resource Management Tool is several years ahead of the market.

What makes SAVIOM unique?

To begin with, it has a highly configurable 
Lego-based software architecture 
and Gantt-style (and very user-friendly) interface. Its comprehensive suite is packed with advanced features such as multi-dimensional scheduling, forecasting & capacity planning, real-time resource planning & optimization, and business intelligence dashboards & analytics, to name a few. Easy 
capability enable 
agile scheduling 
in a dynamic business environment. Noteworthy mention of the powerful 
forecasting and capacity planning 
feature which helps forward plan pipeline projects for timely resource allocation.

Utilization heat 
maps helps identify optimize resource schedules in real-time without overloading anyone. The 
real-time BI 
-powered dashboards and analytics can be customized across multiple dimensions, including role-based access that eliminates information overload for hassle-free decision-making. In addition, their scenario-based 
modeling and simulation 
feature helps overcome multiple resource constraints to arrive at the most viable resource plan. So, if you are looking for an enterprise-grade solution to manage your resources efficiently from a single platform, SAVIOM is the right fit for you.

Key Features:
  • Multi-dimensional resource scheduler & planner
  • Advanced forecasting & capacity planning
  • Comprehensive resource requisition workflow
  • Customized dashboards, portals, analytics, and reports
  • Real-time resource optimization, modeling & simulation
  • Early warning system & integration capabilities

Saviom has a tiered 
pricing model
, which depends on the number of power and lite licenses the user buys. They offer a 
60-day free trial.

Pros & Cons :

  • Highly customizable and scalable RM solution
  • Quick scheduling and modification with responsive drag-and-drop
  • Real-time reports, advanced analytics & personalized dashboards
  • Assists resource planning with intuitive modeling & simulation
  • Seamless integration with other enterprise applications

  • More suitable for medium to large-scale enterprises
  • There is a learning curve in understanding the tool’s extensive features

Value driven project resource management

Blog Saviom Img

Best for: 
Small to mid-size companies

PMEntire Resource Management Software is designed to help professional service organizations optimize their workforce and enhance business profitability. It is based on a SAAS model which is best suited for small to medium-sized businesses.

What makes PMEntire special?

PMEntire project resource management tool has advanced features and a highly interactive UI. It provides a 
360-degree view 
of every resource across the organization, which helps identify the right person for every right project. The tool’s advanced forecasting capability helps identify the demand vs. capacity gap, minimize 
people on the bench, 
improve billable utilization 
of every resource.

The software’s highly 
customizable dashboard 
provides a real-time overview of projects, allowing you to identify any potential resource bottlenecks or scheduling conflicts quickly. Additionally, the platform offers robust 
real-time reporting 
and analytics that enable users to gain insights into project performance, 
resource utilization, 
and team productivity. Additionally, it offers different PSA components suitable for any professional service organization. Whether you’re a startup or a well-established firm, PMEntire is definitely worth considering for your project resource management needs.

Key Features:
  • Resource Scheduling
  • Capacity planning capabilities
  • Advanced forecasting and early warning systems
  • Real-time Business Intelligence
  • Customizable dashboards, reports, and analytics
  • Early Seamless integrations

Saviom has a tiered Pricing is available on request. PMEntire offers a 
60-day free trial.

Pros & Cons :

  • Highly configurable and cost-effective RM solution for businesses of all sizes
  • Advanced forecasting assists in efficient capacity planning
  • Templates can be set-up for repetitive tasks
  • Role-specific dashboards prevent information overload

  • There is a steep learning curve in understanding the full functionality of the tool
  • Does not provide on-premise hosting capability that is suitable for large organizations

Ideal for global teams managing projects, vacations, and timesheets

Hub Planner Img

Best for: 
Small to mid-size companies

Hub Planner’s resource management solution primarily comprises of resource scheduling, timesheets and vacation management features. It is designed to help small to medium sized companies plan, schedule and track resources from a single platform.

What makes Hub Planner Special?

HubPlanner’s robust platform streamlines 
resource scheduling 
and project planning for SMEs. Bird’s eye view of resource availability helps fast-track the allocation process. The user interface is intuitive, and the platform integrates well with other applications.

The tool’s in-built 
timesheet module 
and an automated approval process makes it easy to manage geographically dispersed teams. Moreover, dynamic 
reporting and analytics 
provide helpful real-time insights that can be accessed through a visual dashboard. To sum up, Hub Planner’s resource management tool works best for global and hybrid teams.

Key Features:
  • Capacity planning & forecasting
  • Project planning
  • Budget tracking and management
  • Collaboration tools
  • Pre-built templates

starts at $7 per resource per month. Hub Planner offers a 
60-days free trial

Pros & Cons :

  • The iCal function provides real-time notifications
  • Easy toggle between user/group
  • Powerful & precise built-in reporting
  • Excellent search filters to help you find resources by skill or location

  • Fewer customization options compared to alternatives
  • Limited support for mobile devices
  • Integration with specific tools and applications is missing

AI-driven insights for resource planning & scheduling

Forecast Img

Best for: 
Mid to enterprise-level organizations

Forecast centralizes resource management, work management, and financials on a single platform. It enables you to run, track, and manage your company’s work with complete visibility and AI driven insights.

What makes Forecast special?

Forecast app is cutting-edge software that 
leverages AI 
to automate project duration estimation and 
resource scheduling. 
The platform is equipped with an interactive and intuitive UI. Furthermore, the 
make it easy to access, visualize, and analyze resource data to identify capacity and adjust schedules. It also integrates seamlessly with various cloud-based platforms.

Moreover, the tool has 
robust reporting 
capabilities and in-built features to customize workflows. The tool helps 
calculate resource utilizations 
on the go to maximize efficiency. All-in-all, Forecast is an excellent choice for organizations looking to take control of their data to unlock the full potential of their resources and streamline daily operations.

Key Features:
  • AI work automation
  • Project and financial management
  • Time and utilization tracking
  • Role-based permissions
  • Team collaboration
  • Pre-built templates

The Lite plan is 
at $29 per seat per month, the Pro plan is priced at $49 per seat per month, and the Plus plan price is only available on request.

Pros & Cons :

  • Gantt charts, Kanban boards, and templates make it easy to manage projects
  • Advanced algorithms and ML techniques generate more accurate forecasts
  • Skill tracking eases the resource allocation process

  • Forecast software can be complex to set up and use, requiring specialized skills and knowledge.
  • Not suitable for smaller teams
  • Fewer customizations compared to other software

Keeps project schedules & budget on track

Smartsheet Img

Best for: 
Small to large companies

Smartsheet, formerly known as 10000 feet, is a sophisticated (and a better) version of the spreadsheet. It is a comprehensive resource planning software built for companies of all sizes.

What makes Smartsheet special?

The software is a feature-rich package of 
simple allocation, 
time tracking, project planning, and reporting tools. The tool provides 
visibility into team’s schedules 
and availability to identify the right person for every opportunity.

By amalgamating
high-level customizations, 
powerful analytics, and 
robust automation, 
Smartsheet establishes itself as a versatile platform that helps you with resource & project planning, budget tracking, and more. You cannot go wrong with Smartsheet if you are looking for an easy solution to manage your workforce and projects.

Key Features:
  • Resource planning and advanced forecasting
  • Workflow automation
  • Team collaboration tools
  • Project and time tracking
  • Flexible APIs to build custom integrations
  • Advanced analytics and bi-directional reports

starts at $9 per person per month. The RM suite is a premium add-on, and pricing is available on request. Smartsheet offers a 
14-day free trial.

Pros & Cons :

  • Allows teams to maintain timesheets
  • The skills database is great for resource allocation
  • It is easy to forecast and monitor resource utilization
  • Assist with predicting hiring needs in real-time

  • Bulk project edits do not apply to resource fields
  • Some features, such as time tracking, are add-ons
  • Initial resource set-up is tricky and laborious

Ideal for project tracking and resource planning in real time

Runn Img

Best for: 
Small to mid-size firms

Runn is an intuitive, flexible software perfect for streamlining resource scheduling and project planning.

What makes Runn special?

Runn Resource Management system is packed with robust 
capacity planning 
and forecasting capabilities that help you improve project and resource performance. In addition, 
Timesheet management 
enables time tracking and comparing the actuals with estimated.

Moreover, the tool provides 
real-time reports, 
graphs, and charts that visualize critical metrics such as capacity, workload, availability, utilization, etc. Packed with a comprehensive RM suite, Runn can be a great addition to simplify your workforce management processes.

Key Features:
  • Capacity planning and management
  • Financial forecasting and scenario planning
  • Project planning, control, and accounting
  • Timesheet module and actual tracking
  • Business Intelligence and reporting tools
  • Pre-built integrations

includes 2 plans, the Startup plan, which is free for up to 5 people, and Pro plan starting at $10 per person per month. Runn offers a 
14-days free trial.

Pros & Cons :

  • The easy-to-use drag-and-drop action simplifies resource allocation
  • The finance tracking feature allows you to control project costs
  • Offers a REST API to export/import data from other tools

  • The product development features are complex to understand and implement
  • Some reports and permission levels are missing or limited

Resource scheduling simplified for project teams

ResourceGuru Img

Best for: 
Businesses of all sizes

Resource Guru resource management platform is designed for project teams with their day-to-day resource planning activities.

What makes Resource Guru special?

Resource Guru is an intuitive 
drag-and-drop scheduling 
tool that ranks high due to its user-friendly interface. Total visibility into resource skills and availability simplifies resource booking and allocation. The tool provides 
real-time updates 
and notifications to keep everyone on the same page.

Furthermore, the 
leave management system 
makes it easy for your managers to review and approve vacations and PTO. The platform has excellent 
detailed reports 
that let you view resource metrics, making planning, scheduling, and budgeting a breeze. Overall, Resource Guru is a reliable solution that can save your firm a lot of time, effort, and money.

Key Features:
  • Utilization and time tracking
  • Automated approval process
  • Personalized dashboards
  • Leave management
  • Collaboration tool
  • Integration with other business applications

There are 3 
Pricing plans. 
The Grasshopper plan starts at $2.50 per person per month, the Blackbelt plan starts at $4.16 per person per month, and the Master plan starts at $6.65 per person per month. Resource Guru provides a 
30-day free trial.

Pros & Cons :

  • The unique “clash management system” prevents resource over-bookings
  • Offers downloadable resource utilization reports
  • Configurable fields, filters, and user permissions

  • The level of customization is basic compared to other software
  • It is difficult to track who made changes in the resource schedule
  • The mobile app may not have all the features available on the desktop version

Good for project planning and task scheduling

Float Img

Best for: 
Small to mid-size companies

Float, the cloud-based resource management system offers a complete package for efficient team management.

What makes Float special?

Float resource management tool is primarily built for planning, scheduling and time tracking. One of the standout features of Float is its 
function, which allows you to split, duplicate, and multi-select for efficient resource allocation. The 
user interface 
of Float is easy to navigate and user friendly, making it accessible for teams of all sizes and skill levels.

The tool seamlessly integrates with other tools to streamline 
project management workflow. 
It also provides 
time tracking 
feature that helps effectively plan and monitor your team’s work. Furthermore, the Float mobile app allows your team to stay connected and track project progress from anywhere.

Key Features:
  • Project management
  • Task scheduling
  • Resource forecasting
  • Time and expense tracking
  • Dynamic reporting tools

for Resource Planning is $6 per person per month and Resource Planning + Time Tracking is $10 per person per month. Float offers a 
30-days free trial.

Pros & Cons :

  • Stores data in an encrypted format, keeps daily backups, and maintains over 99.5% uptime
  • Different access level prevents data theft and information overload
  • The skill inventory facilitates efficient resource allocation

  • Time tracking functionality requires you to get on a higher plan
  • Updating the staff/personnel list takes considerable time
  • Integration with niche or specialized tools is missing

Work management for collaborative project teams

Planview Img

Best for: 
Mid to large-size companies

Planview offers a full spectrum of portfolio management and work management solutions that enable customers to deliver innovative products, services, and customer experiences.

What makes Planview special?

Planview is a robust, easy-to-navigate platform that provides a 
centralized view 
of resources and 
tracks utilization. 
The configurable dashboards and reports offer real-time insights by department, program, portfolio, or individual project.

One of the critical strengths of Planview is its advanced 
features. It helps optimize resource capacity and allocate the right employees to projects and reallocate them per shifting priorities. Moreover, the API capabilities enable 
seamless integration 
with your existing systems and workflows. With its powerful RM capabilities, Planview is an excellent choice for organizations looking to optimize their workforce utilization and improve overall project outcomes.

Key Features:
  • Portfolio management
  • Real-time resource and project tracking
  • Customizable reports, dashboards, and workflow
  • Task planning and time tracking
  • Expense management

Pricing is available on request. Planview offers a 
30-day free trial.

Pros & Cons :

  • Real-time updates and notifications keep projects on track
  • Resource allocation and project progress can be viewed at the project, program, or portfolio level
  • It’s easy to create ad-hoc reports

  • There is a steep learning curve to understand and utilize the tool’s capabilities fully.
  • The process of entering data in timesheets is tedious

Resource planning software to manage project portfolios

Ganttic Img

Best for: 
Small, medium, and large firms

Ganttic is an all-in-one resource management platform that can plan, book and optimize resources to maximize efficiency throughout the organization.

What makes Ganttic special?

Ganttic offers a flexible resource management solution with an intuitive 
drag-and-drop interface. 
The tool’s visual 
Gantt Charts 
streamlines resource scheduling and provides 
automatic alerts 
and push notifications to keep the team up to speed on any changes.

In addition, the multi-user environment allows 
real-time collaboration, 
with options for unlimited users and controlled access. Moreover, the data fields can be filtered and customized to your needs. Finally, Ganttic’s pre-built 
resource and task utilization feature 
allows you to reduce billable loss and double bookings.

Key Features:
  • Project & Portfolio Management
  • Robust analytics
  • Budget / Expense Tracking
  • Time Tracking
  • Collaboration Tools

starts at $25 for 20 resources per month. Ganttic offers a 
14-day free trial.

Pros & Cons :

  • Projects and tasks can be color-coded as per user preference
  • Enables you to group resources from different locations based on skills
  • Allows you to control workflow and track project progress

  • The initial tool setup is time-consuming
  • The mobile version is not optimized

Streamline time tracking and billing for accounting teams

Journyx Img

Best for: 
Mid to large firms

Journyx is a flexible platform designed to streamline project management resource workflow processes.

What makes Journyx special?

The platform’s 
customizable reports 
and financial forecasting supports real-time monitoring of resource metrics and project budgets. It also includes 
physical time clocks 
and cloud-based time tracking and 
features that allow employees to manage time and attendance remotely.

In addition, it can integrate your existing business systems and applications to create a seamless workflow. Journyx’s intuitive user interface and payroll integration make it a versatile and flexible resource management solution for your business.

Key Features:
  • Resource scheduling
  • Advanced analytics and reports
  • Expense and time reporting
  • Data validation
  • In-built reimbursement facility

for XJ (Project Time tracking) plan starts at $12, the PX plan (resource management and scheduling) starts at $18, and the WX plan (timesheet) starts at $5.

Pros & Cons :

  • Real-time data can be viewed at program, project, and task levels.
  • It’s easy to set up data validation and improve time-tracking accuracy
  • Automates time off accruals and requests

  • The timesheet approval workflow is not efficient, as it creates email clutter
  • Certain functionalities of the tool are not optimized

Optimize your project portfolio teams efficiently

Meisterplan Img

Best for: 
Mid to large-size companies

Meisterplan is a high-performance, feature-rich resource management software offering unparalleled scalability and flexibility.

What makes Meisterplan special?

The platform’s robust resource planning tools, including a 
Gantt chart, 
task lists, and 
calendar views, 
ensures that the right people are assigned to the right job. Moreover, the 
designer dashboard, customizable reporting tools, 
and robust analytics give granular visibility into vital resource and project metrics.

In addition, it also offers 
allocation heatmaps, 
enabling managers to spot over and under allocations. Managers can pair it with 
resource scenario planning 
to test alternatives for resolving allocation issues and simulate ways to maximize profitable utilization. In conclusion, Meisterplan is a reliable RM solution that can help your business facilitate competent resource allocation.

Key Features:
  • Capacity management
  • Portfolio management
  • Budgeting and forecasting
  • Scenario planning
  • Skill tracking
  • Collaboration tool

The Basic 
plan starts at $7350 per year, the Pro plan starts at $9800 per year, and the Premium plan starts at $32000 per year. Meisterplan offers a 
30-day free trial.

Pros & Cons :

  • The interactive drag-and-drop makes resource scheduling effortless
  • Factors in time-offs, leaves, and vacations for precise resource availability data.
  • Allocation histogram provides an in-depth analysis of resource allocation, capacity, and utilization

  • The tool can be complex to operate initially
  • The software may be more expensive than some of its competitors
  • Limited integrations to third-party applications

Best for  managing project teams of professional services

Kantata Img

Best for: 
Small to mid-size Professional Service Organizations

The award-winning Kantata software is the new name for the merged entity of Mavenlink and Kimble. It is a complete suite of resource management and PSA solutions.

What makes Kantata special?

The tool’s useability and intuitiveness make it a top contender for the best resource management software. It includes resource planning and allocation, 
skills tracking, 
capacity planning, 
among other capabilities. You can get a dynamic view of your resources, projects, and finances on the platform’s highly 
customizable dashboards. 

Moreover, the combination of robust monitoring modules, numerous 
real-time reports, 
and configurability empowers businesses to 
their workflows, improve resource utilization, and boost profitability. Kantata also integrates with a variety of other business applications, including CRM, ERP, and accounting software. This allows firms to streamline their operations and avoid duplicate data entry.

Key Features:
  • Resource, project, and task management
  • Scenario and role-based planning
  • Multiple integrations
  • Team collaboration
  • Versatile user permissions
  • Time and expense tracking

Pricing information is available on request. Kantata offers a 
free demo.

Pros & Cons :

  • A file storage area is provided under every project for better accessibility
  • Diverse reporting functionality to assist resource scheduling and allocation
  • Offers visibility into real-time utilization at the project and task level
  • Ready-made project templates to jumpstart project planning
  • It allows you to see the project burn rate

  • Advanced features are accessible on higher plans
  • The proofing solution is an add-on feature
  • Customizable reports can be challenging to create without product training
  • The mobile version is not sufficiently optimized

Time tracking software that optimizes workflow

TogglPlan Img

Best for: 
Small to mid-scale organizations

Toggl Plan is a user-friendly and flexible work management solution that combines resource scheduling, project planning, and team collaboration into a neat package that works well for small teams.

What makes Toggl Plan special?

lean architecture 
simplifies work management and allows you to visualize resource allocation, utilization, and availability through the timeline (Gantt-style) or board (Kanban-style) views. The software allows users to create 
custom workflows 
and task statuses, which can be tailored to fit their specific needs and processes.

Toggl Plan’s 
time-tracking feature 
also allows team members to track their time spent on each task. It also enables teams to collaborate and communicate in real-time, with features such as task comments and mentions, team calendars, and shared project views. Overall, Toggl Plan is an effective software for anyone looking to unify their project and resource processes.

Key Features:
  • Versatile team management
  • Reporting dashboards
  • Time tracking
  • Expansive integrations

Free plan for solo users, 
starts with the Team plan at $8 per person annually or $9 per person monthly, and the Business plan starts at $13.35 per user per month. Toggl Plan offers a 
14-day free trial.

Pros & Cons :

  • Project milestones can be emphasized and highlighted in the timeline view
  • The Team view lets you see public holidays

  • Limited customizations compared to other tools
  • It’s difficult to export data from the platform
  • No task dependencies option

Work management platform for collaborative project teams

Scoro Img

Best for: 
Small to large organizations

Scoro is a cloud-based resource management software that provides a comprehensive and integrated solution for businesses that need to manage their projects, resources, time, and finances more effectively.

What makes Scoro special?

Its excellent UI and 
corporate-based architecture 
provide a high-level overview of workload, deadlines, availability slots, and bookings. The platform allows you to configure, search, and 
filter resources 
based on categories, activity, and location.

Scoro enables users to track their time spent on different tasks and projects, and generate reports on their time usage, productivity, etc. Moreover, the tool lets you access all project information on a single page and 
track team progress 
in real-time. Simply put, Scoro is robust enough to handle all your resource-related requirements.

Key Features:
  • Work management
  • Sales pipeline management
  • Business process automation
  • Timesheet management
  • Customizable dashboard, reports, and templates
  • Collaboration tool

starts with the Essential plan, which is available at $26 per user per month, the Standard plan starts at $37 per user per month, the Pro plan starts at $63 per user per month, and the Ultimate plan pricing is available on request. Scoro provides a 
14-day free trial.

Pros & Cons :

  • The quoting system streamlines billing and invoicing
  • The tool has excellent data visualization
  • Regular updates and improvements extend the tool’s functionality

  • Not suitable for smaller teams
  • The CRM suite lacks a few features
  • Limited integration with other applications

Other Resource Management Solutions

Does none of the above software work for you? Check out the below list of additional options:


Resource management is the process of managing resources effectively & efficiently to bring out their best potential. It includes planning, forecasting, allocating, and scheduling the right resource for the right project at the right time and cost. These resources can be human or non-human resources like assets, facilities, machinery, equipment, vehicles, etc.

The scope of resource management covers different resource-related activities from its acquisition to release within an organization. Some of the significant components of a resource management solution include:

Resource forecasting software: 
It involves gaining foresight into the future resource demand based on factors such as supply, project vacancy, on-the-bench, and resourcing cost and implementing preventive measures to avoid resource-related roadblocks.

Resource capacity planning software: 
It includes forecasting the gap between future supply and demand to determine the shortfall/excesses of resources and taking corrective actions ahead of time for successful project delivery.

Resource allocation software: 
Resource allocation involves identifying and assigning competent resources that meets the selection criteria and assigning them to various projects for a specific period.

Resource scheduling software: 
Once allocation is complete, project managers deploy project team members to various tasks within a project that aligns with their skill set and competencies.

Resource utilization tracking software: 
Resource utilization is a KPI that measures how effectively each resource is utilized against their availability or capacity. Businesses can forecast and track utilization rates in real-time to optimize the talent pool by ensuring resources are neither overutilized or underutilized.

An efficient resource management process centralizes the information from multiple sources and provides a single version of the truth for data-driven decisions. It will further help reduce project resource costs, maximize productive utilization, and futureproof business against market volatility.

Resource management offers a myriad of business benefits:

  • Minimizes resourcing costs
  • Reduces frequent hiring/firing cycles:
  • Forecasts & maximizes efficient resource utilization
  • Prepares to deal with sudden ramp-up & ramp-downs
  • Futureproofs workforce against market volatilities
  • Facilitate the data-driven decision-making process
  • Helps gain the maximum ROI and increased revenue

Resource management and project management are interdependent; yet distinct disciplines. Resource management ensures that competent resources are available for current and future projects. On the other hand, the goal of project management is to deliver the project within the stipulated time and budget.

Resource management software is a tool that consolidates all the elements of resource management. Be it from identifying resource requirements to planning, allocating, and optimizing the resource pool.

In contrast, resource scheduling software helps you identify and assign an organization’s resources to different projects or tasks for a specific period. These tasks can be billable, non-billable, or BAU work.

Are you looking to buy resource management software for your firm but are clueless about where to begin?

Here’s how you can select the best resource management software:

  • Determine your company’s resource management needs for current and future projects.
  • Note down the mandatory and optional features of the RM software as per your requirements.
  • Short-list at least two to three vendors from the above list that satisfies these requirements.
  • Consider the implementation time and post-deployment support for each option.
  • Take into account the total cost of the solution and not the individual components.
  • Carry out a cost-benefit analysis of the selected software and arrive at the Total Cost of Ownership (TCO) for each solution.
  • Select the software which has the lowest pay-back period.
  • Prepare a comprehensive project plan for installation.
  • Conduct Training for the key personnel and effectively manage change as appropriate.