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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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Does your firm need a skills matrix?

If you provide professional services to a range of clients then you’ll need easy access to details of your staff’s skills and experience. Matching each client’s requirements and expectations is crucial, as assigning inappropriate staff can seriously damage important relationships. Maintaining a comprehensive skills matrix helps to ensure that only suitable staff will be assigned.

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Resource management best practice – Top 10 Tips

The secret of successful resource management is to maintain high levels of resource utilisation, whilst ensuring that no project is impeded through lack of required skills. How can this be consistently achieved? Here are our top 10 Resource management Best Practice tips, based on more than 35 years’ experience of working with engineering,

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Manage your R&D funding more effectively

Whether you are a Catapult organisation, a University Research department, or a private R and D team, research into new products, technologies, and techniques often relies on external R&D funding. However, each funder will demand data that justifies their investment, such as:

  • Detailed plans that scope and cost the project
  • Reporting of time spent and actual costs incurred,

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Resource management in a Matrix organisation – How Workforce planning tools help

Businesses that manage multiple projects face two conflicting objectives:

  1. To keep their clients happy, they must ensure that each and every project gets delivered on time, within budget and to the required specification.
  2. For the operation to be profitable, staff working across the project workload must be continuously busy,

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