Project resource management, also known as resource planning, is a topic that’s growing in significance and complexity. What gives? One reason is that there is usually more of a need for qualified workers than there is supply on the market. In addition, the set of skills and experiences with PMP certification online that employers look for in candidates is expanding at a dizzying rate.
Now, let’s examine the issue of how to best manage your project’s resources.
What Does It Mean to Manage Resources?
Project management is incomplete without proper resource management, also known as resource planning. It guarantees that all required assets (people, space, etc.) are available to a project at all times. It is intrinsically linked to the creation of timetables and budget plans.
Why Is It Necessary to Manage Project Resources?
Every business strives to maximize efficiency in order to accomplish its goals. To avoid confusion, the term “project resource management” will be used interchangeably with “resource planning in project management” throughout this article.
You can better prepare for the future if you have a good idea of the resources needed for the projects you’re working on now. You can make better use of what’s available without stressing it out, and you can anticipate and plan for any gaps in supply.
Why Is It Necessary to Manage Resources?
Some of the most important gains from properly managing project resources are as follows:
Stronger preparation: If you know what you need in terms of resources early on, you can better plan for them. The availability of workers with the required skills can be estimated and planned for. In this way, dependability is improved across the board.
Reduced number of overloads: Being able to see the big picture of how your resources are being used can help you avoid overburdening your most valuable employees and teams. According to experts, this results in happier workers who are more likely to stick around.
Well-documented: If your project fails because of a lack of resources, thorough documentation will show that you did everything possible with what was available. It’s a good example to follow for future endeavors.
Strategic Resource Management (Capacity Planning)
- This Includes forecasting employee skills and experience for the future
- It also helps to make sure the company’s strategic priorities, both now and in the future, get done.
Finds out what tools and skills are lacking and must be acquired. In most cases, a portfolio manager will also need to inquire with team managers about the availability of people who possess the necessary qualifications and obtain up-to-date information on the skillsets required from the project managers. You better understand the responsibilities of PMP professionals before pursuing your career.
Tactical Resource Management + Operations
- Involves setting up project teams over the course of a few months and ensuring that the managers and team leaders are in constant communication about staff availability for project tasks and day-to-day operations.
- Team leaders supply project managers with personnel who meet their projects’ specific requirements.
Project Resource Administration
Only 13% say their operational resource planning (projects’ task planning) is well-established and doesn’t require any adjustments. Twenty-eight percent of people currently use it but want to upgrade it further. Only 14% say they’ll implement project resource planning within the next year, and nearly half say they have no plans to do so. Combining PMP with Cisco certification will lead to greater results.