Resource identification and management can include human resource, financial resource, and the physical tools to get a project done, in a nutshell anything that required for the completion of a project. The challenge in doing any project is always the challenge of available resources in the right quantity at the right time, and hence the existence of trade off’s that need to be negotiated by the project manager. At the start of any project it is essential to cover the scope, the goals, and the purpose of the project, as until this is decided it is difficult to allocate the resource. During the course of the project there will be certain known events where one can link resources to them like human expertise as well as the subsequent time value required. Following on from this there also be some unknown events, and this is where if they impact the project, trade offs like project extensions, additional costs, more people resources will have to be negotiated. Although project resource can focus around people, equipment, facilities and funding it can also include the softer resources like the the relationships of people within the ambit of the project as well as their creativity, leaderships skills. Resources will be utilised effectively and to the benefit of the project if a proper analysis of the resource is done, the demand for the resource is supplied is based on an actual need, if these resources are constantly measured for their associated performance, and finally where resources are re-balanced if they are over used or under used.
In project management the focus of resource identifications is people, equipment, facilities and funding, however there are some other critical resources, name them?
- Only people, equipment, facilities and funding
- Also includes the softer resources like the the relationships of people within the ambit of the project as well as their creativity, leaderships skills.