Resource planning is a project
management technique that assures the best utilization of an organization’s
team members and resources throughout the project by implementing time
management.
This ensures providing the right
quality and quantity of resources to execute a project and coordinating
deadlines with departments that make use of the same resources.
A resource can be people,
equipment, materials, IT assets, or financing for the project.
What Is The Resource Management Challenge?
“Resource management is the most challenging part of my
work. Businesses try to minimize their expenses and try to find people with
specific skills. These two factors make me working with limited resources. It needs
excellent planning and monitoring tactics to address these issues.
As a technical person, I understand the challenges and
have a better idea about timing and what needs to be done to finalize the
project. Skills that improve every time I hit on another issue as well.”
Marios Chrysovergis – Project Manager at Yospace
In reality, a decent method is
merely the starting point. The next stage is to determine which and how many
resources will be needed during specific periods.
A project manager must then constantly
check the availability, utilization, and cost of such resources.
The challenge of resource
management is: projects have stringent objectives and deadlines, but the
resources available to meet those goals are limited. Project teams are expected
to perform more with less in today’s environment.
Unfortunately, many businesses
fail to face this capacity planning. Failure rates are especially high in the IT business, as
companies frequently manage hundreds of projects at one go.
Read More on How Project Management Tools Helps
No comments:
Post a Comment