Six Ways to Know You Should Pay More Attention to Resource Management
By Nicholas Holmes
Resource management is the lifeblood of a consultancy business and of good project management. If you can’t get the right people in the right place, you’re dead in the water. But it’s surprising how many projects get into trouble when the warning signs were there long before anybody realized there was a problem.
So what should set alarm bells ringing for project managers when it comes to resource management?
- Unknown, uneven or low utilization
Utilization is a metric most project managers should be paying attention to as closely as financial controllers do – but for slightly different reasons. While under-utilization is seen as a financial problem, over-utilization often results in a resource squeeze, significantly reducing the agility of project teams, and it can also lead to demotivated, exhausted employees. So PMs need to be able to see areas of concern early and work with a resource scheduler or manager to iron out issues before they become a problem that can affect project delivery.