What are the Key Elements of Resource Management?
Among crucial elements of resource management, the following are the most key:
Resource Plan – Every project plan should have a resource plan as its component. The resource plan should contain all aspects of your project from beginning to end that pertain to resources required.
Resource Breakdown Structure – Here, you will break down the resources required to complete the project in a hierarchy – as you would in a work breakdown structure or an organizational breakdown structure.
Responsibility Assignment Matrix – this is where the resource or organizational breakdown structure meets up with the work breakdown structure to assign responsibilities to the various branches in the hierarchy.
Resource Overallocation – Overallocation of a resource is when a resource has been assigned more work than can be completed during normal work hours. Resource allocation often leads to overtime and overspending on financial resources.
Resource Histogram –This graphic representation can cue project managers whether there are any resources being overallocated.
Resource Dependency – If two tasks require the same resource to complete them, then these tasks are resource dependent. If a task can only be completed by one resource, it is resource-dependent. A resource dependent task has particular constraints linking it to a particular resource.
Resource Leveling – Leveling resources involves redistributing an imbalance of allocated work. It assists project team members by keeping them from becoming overwhelmed, working overtime, or running into project burnout.