Resource
Utilization is one of the key performance indicators in project management. And project managers have
a tough time finding their resource utilization metrics right.
Resource
Utilization is one of 3 key components of resource management. The
other 2 being resource availability and allocation.
As we review some
of the best practices for
resource utilization within our project management practices,
let us understand resource utilization and
its impact first.
What is Resource Utilization?
Resource Utilization is the productive or
billable time as a percentage of the total working time of a resource.
Gartner suggests
anything between 70-80% is a great utilization. However, organizations are
hard-pressed between their costs and project profitability and keep pushing for
more.
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