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Resource allocation methods in project management

Resource allocation methods in project management are used to identify staff that are suitable for working on individual project tasks. It is part of the resource management process for managing the workload across multiple project and services, which starts with project demand management before allocating individual resources.

Project demand management

The purpose of project demand management is to ensure that sufficient numbers of appropriately skilled resources are available,

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Rolling out resource management software to your global operations

Innate is part way through a major roll out project within a large multinational construction, property and infrastructure company. Following the success of Innate’s resource management software within their UK division, it was decided in 2019 to roll it out globally to their operations across 4 continents.

The UK has been using the resource management software for a couple of years,

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What are the benefits of resource management software and how can they be realised?

Contents

1   What is resource management software?

  • What management information is produced?

2   Why is resource management so important?

  • What are its financial benefits?

3   Who uses resource management software?

4   What needs to be in place for success?

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Project resource management in large organisations

Managing multiple projects with limited resources is not for the faint hearted. Trying to keep the skills demand in balance with capacity is a never-ending battle. No sooner do you have it sorted than a project change arrives, demanding additional resources that you don’t have. Project resource management is a dynamic,

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How to do resource allocation in project management

Managing multiple projects with a limited pool of resources can be a bit of a roller coaster. Project based organisations face two conflicting challenges; there must be sufficient and appropriate resource available for each and every project, so that all client milestones will be met, but high levels of resource utilisation must be maintained,

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Effective utilisation of resources across multiple projects

Managing multiple projects with a limited pool of resources can be a lively ride! Whilst there must be sufficient resource to meet each project’s commitments, having too much ‘just in case’ will quickly reduce utilisation levels and erode operational profitability. But maintaining effective utilisation of resources without jeopardising project targets is a tricky balancing act.

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Resource management reports – Improve visibility and communication

Managing multiple projects with a limited pool of resources can be a wild ride. No sooner is the skills capacity nicely in balance with your project demand than something changes, requiring re-planning of crucial projects. When significant bottlenecks arise, key project commitments can be at risk, but periods of underutilisation erode operational profits.

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Talent management – maximise the capabilities of your workforce

As projects incorporate increasingly complex technology, the resource pool’s skill and competency levels need to step up a gear. Where project number are large and they cover multiple sectors and technologies, emerging technical shortcomings may not immediately be visible. But the consequences of falling short can be severe in terms of quality of work,

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Project demand management as proposals are awarded

New external projects generally start as an enquiry. Whilst some will not be worth bothering with, those that appeal will require a work estimate as part of the proposal. Whilst many will fall by the wayside, a percentage will make it onto the client’s short list and eventual award. Assessing their resourcing impact on the business is often referred to as project demand management.

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Resource allocation – matching staff with tasks

For project and services firms, effective resource management starts with matching their skills capacity with demand. But it then quickly moves into deciding who should be working on what tasks. Having a suitable resource allocation process is the key to consistently achieving project commitments, to time, quality and budget.

These firms are generally a matrix organisation.

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