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.

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