Resource Management

Planning for Success: An Overview of Project Resource Management

Plan Resource Management is a crucial process in project management. It outlines how to estimate, acquire, manage, and utilize both team and physical resources. The main advantage of this process is that it determines the approach and the amount of management effort required to manage project resources, based on the type and complexity of the project.

The Plan Resource Management process is carried out once or at predefined points during the project. It includes inputs, tools and techniques, and outputs, which are crucial to its successful execution. These components help in effective resource planning, ensuring that enough resources are available for the successful completion of a project.

Project resources can include team members, supplies, materials, equipment, services, and facilities. Effective resource planning should take into account and plan for the availability of scarce resources, considering the competition for these resources. Resources for a project can be procured from the organization's internal assets or through an external procurement process.

Competition for resources can significantly affect various aspects of a project, including costs, schedules, risks, and quality. Therefore, it's important to consider the potential impact of competition for resources when planning for resource management. This understanding will help in developing a robust and effective resource management plan, contributing to the overall success of the project.