Workday Initiatives allows companies to plan, staff, manage, and analyze work initiatives through a single unified system integrated with Workday HCM and Spend Management. Key benefits include modeling project-based and non-project work, establishing budgets and timelines, ensuring initiatives are aligned with strategic goals, and providing insights into performance and costs to improve efficiencies.
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Workday Initiatives Datasheet
1. Managing Work with Workday Initiatives
Workday Initiatives allows companies to focus on what makes a company Key Features and Benefits
successful: people, time, resources, and work. Workday’s revolutionary • Plan and track work and initiatives
approach to managing work brings together these elements into a single • Utilize work resource pools, work
plans, and work hierarchies
unified system, providing management with important tools that make a
• Integrate to external Project Systems
team or project successful, insight into the areas where the company is such as Microsoft Project Enterprise™
weak or struggling, and ways to improve overall effectiveness throughout • Configure company and work-specific
the entire organization. business process workflows
• Ensure alignment of workforce and
resources to strategic goals
Unlike traditional bolt-on project or work management systems, Workday • Capture time and expenses
Initiatives is seamlessly unified with Workday Human Capital Management • Track overall spend (labor, expenses,
(HCM) and Workday Spend Management. As a result, companies can and procurement) against budget
• Bill customers and recognize revenue
efficiently plan, staff, manage, and analyze what is really needed to
based on project milestones
accomplish their key initiatives.
• Leverage Workday’s advanced built-in
business intelligence capabilities
Plan Work • Give executives insight into alignment,
Workday Initiatives can model project-based work in a way similar to achievement, and potential
• Tie real human cost and impact to
traditional project management software, but Workday Initiatives also
actual business results
supports work types that aren’t “projects”—i.e., client engagements,
marketing campaigns, products, customers, grants, or even job functions.
Workday allows users to build work plans and utilize a
work breakdown structure (WBS) that includes phases,
tasks, and milestones. Workday also gives users the
ability to establish budgets and estimates for any type
of work to be done. To provide an overall view of
major initiatives that includes a summary of status and
costs, multiple work types can be related to each other
through a hierarchy. Individual work areas can be drilled
into for more detail. Work that is connected though a
work hierarchy can also share core attributes, such as
worker roles, security, and business process definitions.
Additionally, Workday Initiatives can be linked to
organizational goals and objectives, enabling “line of
sight” from the highest enterprise goals to the actual
work being done to achieve those goals, the outcomes
of that work, and the performance of individual workers
who contributed to those outcomes.