Resource Management
                     RESOURCE MANAGEMENT
Introduction
• Resource Management is the process of utilizing various types of business resources 
efficiently and effectively. These resources can be human resources, assets, facilities, 
equipment, and more.
Source: www.saviom.com
What are Resources?
• Resources can be anything from people to machinery to facilities. They are whatever you 
need to complete your project or task.
Source: www.ganttic.com
Types of Resource Management
• Scheduling – Ensures that you have the right capacity for projects and that no one is double 
booked in the process
• Planning – This looks not only at current projects, but future projects, with more emphasis 
on getting the right resource for the right job.
• Management – Allocating resources and monitoring utilization, engaging in resource leveling 
and smoothing, long-term planning, and strategic management of your entire project 
portfolio. 
Source: www.ganttic.com
Goal of Managing Resources
• While, maximizing efficiency is the official credo of resource management, maybe you have a 
different goal in mind. Perhaps you’re seeking an overview of your resource allocation. Or 
say you want more transparency in the planning process. 
Source: www.ganttic.com
IMPORTANCE OF RESOURCE MANAGEMENT
Minimize project resource costs significantly
• With enterprise-wide visibility, resource managers can utilize cost-effective global resources 
from low-cost locations. 
• Having the right mix of local and global resources helps in reducing project costs. Allocating 
the right resource for the right project enables them to complete the delivery within time 
and budget.
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Improving effective/billable resource utilization
• Resource management software helps managers forecast the workforce’s utilization in 
advance. Accordingly, resources can be mobilized from non-billable to billable and strategic 
work. 
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Bridge the capacity vs. demand gap proactively
• Demand forecasting, a function of project resource management, allows managers to 
foresee the resource demand ahead of time. It enables them to assess and analyze the skills 
gap within the existing capacity. 
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Use scarce resources effectively in a matrix organization
• The resource management process brings transparency in communication and hence 
facilitates to effectively share highly skilled resources in a matrix organization. The scarce 
resources can be utilized across different projects rather than one high-priority project.
Source: www.saviom.com
Monitor and improve organization health index
• Employees look up to their leaders for their professional development. Failing to motivate 
and provide career development opportunities will predominantly lead to reduced 
engagement, productivity, and unplanned attrition.
Source: www.saviom.com