"In organizational studies, resource management is the efficient and effective development of an organization's resources when they are needed."
Managing people, equipment, materials, and other resources by identifying their requirements, assigning tasks, and ensuring their availability at the right time and place.
Project plan: The project plan is a comprehensive document that outlines the objectives, scope, schedule, budget, and resources required to complete a project successfully.
Resource allocation: Resource allocation refers to the process of distributing resources (e.g., personnel, equipment, materials) across various project activities to ensure efficient and effective use of resources.
Resource leveling: Resource leveling involves adjusting the project schedule to ensure that resource utilization is as evenly distributed as possible, which helps to prevent bottlenecks and overutilization of resources.
Resource forecasting: Resource forecasting is the process of predicting the future resource requirements based on the project plan and schedule.
Resource loading: Resource loading refers to the process of assigning available resources to specific tasks or activities according to the project plan.
Resource utilization: Resource utilization refers to how effectively the available resources are utilized during the project.
Resource availability: Resource availability refers to the number and type of resources that are available to be utilized during the project.
Resource constraints: Resource constraints are limitations placed on the availability or utilization of resources due to factors such as cost, time, or availability.
Project team management: Project team management involves developing, leading, and managing a team of individuals who are responsible for completing the project successfully.
Stakeholder management: Stakeholder management involves identifying and managing the needs, expectations, and concerns of all parties involved in the project, including customers, employees, suppliers, and investors.
Risk management: Risk management involves identifying, assessing, and prioritizing risks that may impact the successful completion of the project and developing strategies to mitigate those risks.
Change management: Change management involves planning, executing, and controlling changes to the project plan, schedule, scope, or resources to ensure that they are seamlessly integrated into the project.
Time management: Time management involves developing and managing the project schedule, identifying critical path activities, and ensuring that the project is completed within the allotted timeframe.
Cost management: Cost management involves developing and managing the project budget, identifying costs associated with project activities, and controlling project costs to stay within the allocated budget.
Quality management: Quality management involves ensuring that the project outputs meet the quality standards and specifications that have been agreed upon by stakeholders.
Communication management: Communication management involves developing and implementing a comprehensive communication plan that ensures all stakeholders are informed and up-to-date on project progress and changes.
Procurement management: Procurement management involves identifying and managing the acquisition of goods and services required to complete the project, including negotiating contracts and managing vendors.
Performance management: Performance management involves monitoring and measuring project progress, identifying variances and issues, and taking corrective actions to ensure that the project is completed successfully.
Knowledge management: Knowledge management involves identifying, capturing, and disseminating best practices, lessons learned, and other knowledge throughout the project to improve future project outcomes.
Resource capacity planning: Resource capacity planning involves the process of determining the maximum amount of work that can be conducted using the available resources, taking into account the available time and capacity of each resource.
Human Resource Management: Deals with managing the workforce and their wellbeing.
Financial Resource Management: Oversees the financial resources needed for projects.
Material Resource Management: Controls the materials and resources needed for project execution.
Equipment Resource Management: Covers the management and maintenance of project equipment.
Time Resource Management: Deals with the allocation of time-based resources for carrying out project activities.
Communication Resource Management: Addresses the communication processes and various channels essential for effective project management.
Information/ Technology Resource Management: Involves the selection and deployment of technology and software tools required for project management.
Capacity Resource Management: Focuses on evaluating and managing the overall project capacities, including the staffing and resources needed for success.
Risk Resource Management: Identifies, assesses, and mitigates potential risks, uncertainties, and challenges that may arise during project execution.
Knowledge Resource Management: Deals with the identification and organization of valuable project knowledge and its transfer to project stakeholders for future use.
Vendor Resource Management: Assesses and manages project vendors and supplier relationships, including contracts, procurement, and delivery processes.
Quality Resource Management: Addresses how to plan, manage, and ensure the quality of project deliverables and processes.
Scope Resource Management: Ensures that project scope and deliverables are well-defined and met, and that results meet stakeholder expectations.
Stakeholder Resource Management: Identifies and prioritizes stakeholders and ensures that their needs, interests, and expectations influence project goals and outcomes.
Knowledge Management: Involves the collection, organization, storage, and distribution of project information and knowledge that will be helpful in future projects.
"Such resources may include the financial resources, inventory, human skills, production resources, or information technology (IT) and natural resources."
"Processes, techniques, and philosophies as to the best approach for allocating resources have been developed."
"These include discussions on functional vs. cross-functional resource allocation."
"Organizations like the Project Management Institute (PMI) through their Project Management Body of Knowledge (PMBOK) methodology of project management."
"Activity resource estimating and project human resource management are essential components."
"Resource management software tools available that automate and assist the process of resource allocation to projects and portfolio resource transparency."
"The goal of these tools typically is to ensure that: (i) there are employees within our organization with the required specific skill set and desired profile required for a project."
"Decide the number and skill sets of new employees to hire."
"Allocate the workforce to various projects."
"The effectiveness of these tools and processes is typically monitored by measuring billable utilization rate."
"Resource management is a key element in activity resource estimating and project human resource management."
"Financial resources, inventory, human skills, production resources, or information technology (IT) and natural resources."
"Organizations like the Project Management Institute (PMI) through their Project Management Body of Knowledge (PMBOK) methodology of project management."
"To ensure employees with the required skill set are available, decide on hiring new employees, and allocate the workforce."
"Automate and assist the process of resource allocation to projects and portfolio resource transparency."
"Ensure that there are employees within our organization with the required specific skill set and desired profile required for a project."
"The effectiveness of these tools and processes is typically monitored by measuring billable utilization rate."
"Activity resource estimating and project human resource management."
"The efficient and effective development of an organization's resources when they are needed."