How to manage your project resources

The project’s been signed off and is all set to go; now comes a tricky part, the management of resources. If you don’t allocate the project’s resources, the project will likely experience delays, run over time or even run out of budget. Whatever the size of the project, managing its resources is essential.

What are resources in project management?

Resources are primarily the project’s physical requirements, such as equipment, building materials, software and other supplies. They also include the people involved, who may be employed across several departments in a company. Keeping the departments working together in every aspect of the project is key to its success. Another key is ensuring that there are sufficient resources available to complete the project. Efficient resource planning is a must from the outset. This establishes a clear, defined schedule of the type of resource needed and when and how it fits in to the project.

What is resource allocation?

Let’s start with an explanation; resource allocation is sourcing