July 10, 2016

resource allocation. This time we talk about people.

Resource allocation (also called resource management) is the process of assigning team members and assets (like hardware) to balance the competing needs and priorities of a team. Management then determines the most effective course of action to maximize the effective use of limited resources and gain the best return on investment. Where resource allocation can break down is with communication. The practice of allocating resources was a foreign concept in the company at that time. Educating people (especially management) was a critical part of getting it accepted as a part of the project planning process.

One way to start communicating this need is to write a formal resource allocation plan with some decisions based on:

- prioritizing tasks and projects

- making business decisions aroud why resources arent allocated to other tasks

To manage resources effectively, the work/life balance of employeesneeds to take into account. A competitive market, the economy, and all kinds of other hidden factors may also complicate resource allocation, therefore allocation resources across functions and projects might be a good way to go.

Resource allocation might always remain a challenge despite advancements in project management practices and platform technologies. However, if leader and the team track the working hours, keep scheduling concerns transparent amongst the team, and ensure communication of resource allocation to management and others, then you’ll position yourselves ahead of the game—and ahead of other teams.


- No comments Not publicly viewable


Add a comment

You are not allowed to comment on this entry as it has restricted commenting permissions.

July 2016

Mo Tu We Th Fr Sa Su
Jun |  Today  |
            1 2 3
4 5 6 7 8 9 10
11 12 13 14 15 16 17
18 19 20 21 22 23 24
25 26 27 28 29 30 31

Search this blog

Tags

Galleries

Most recent comments

  • I agree with your very well thought blog. This is true because normally in organizations management … by on this entry
  • Thanks for the comments and the complimentary. One thing am not good at is to speak in public in a f… by on this entry
  • That is why I demonstrate our class as the organisation. At first, we are just a group learning whic… by on this entry
  • I agree the conversation is to be kept secret. I loved the way we all talked about our cultures. I a… by on this entry
  • I agree with you, Jing.. While we were talking over our cultures, we realised the diversties and man… by on this entry

Blog archive

Loading…
Not signed in
Sign in

Powered by BlogBuilder
© MMXXII