• Blogs
  • Project Resources Management in Project Management

Project Resources Management in Project Management

Nov 21, 2019 Blog

Project Resources Management important in project planning stage. A resource management team (or) the resposible project team is in charge of ensuring that the resources required for a project are obtained, accounted for, and utilized.

Resources is not only the manpower. its includes

  • Materials
  • Tools
  • Equibments
  • Labor (or) Staff 

All we know project management is not a automoted process. so each resources in controlled by a Project Management Officers. 

A project management team (or) responsible person must ensure that there is enough money allocated for the required resources mentioned above. Additionally, the cost of each purchase must be accurately documented to ensure that the budget remains on track. As every project is different, so are the resources used to complete objectives.

Resource management is an important component of project management. It ensures that the project is executed according to the scope and overview determined in the planning phase. The resource management team or responsible person will helps in the development and management of the project team as well. As people comprise teams, resource management also involves establishing various roles and assignments throughout the project. Project Management person assign team roles, create time schedules and budgets, and keep records of important financial data. Those have to be documented properly for all the tasks.

The Project Resource Management processes are

Plan Resource Management – The process of defining how to estimate, acquire, manage and utilize physical and team resources.
Estimate Activity Resources – The process of estimating team resources and the type and quantities of material, equipment and supplies necessary to complete project work.
Acquire Resources - The process of obtaining team members, facilities, equipments, materials, supplies and other resources necessary to complete project work.
Develop Team - The process of improving competencies, team member interaction and the overall team environment to enhance project performance.
Manage Team - The process of tracking team member performance, providing feedback, resolving issues and managing team changes to optimize project performance.
Control Resources - The process of ensuring that the physical resources assigned and allocatd to the project are available as planned as well as monitoring the planned versun actual use of resources and performing corrective actions as necessary.

Key concepts:

  • The project manager should invest suitable efforts in acquiring, managing, motivating and empowering the project team
  • Participation of team members during planning adds their expertise to the process and strengthens their commitment to the project
  • The project manager should be both leader and manager of the project team
  • The different aspects that influence the team are
  •   Team environment, Geographical location of the team members, Communication among stakeholders, Organizational change management, Internal and external politics, cultural issues and organizational uniqueness
  • The project manager is responsible for proactively developing team skills and competencies while retaining and improving team satisfaction and motivation
  • Physical resource management is concentrated in allocating and using the physical resources needed for successful completion of the project in an efficient and effective way.
  • Failure to secure critical equipment or infrastructure, ordering low quality material and keeping too much inventory may result in delays, damage quality and increase the operating costs.

1. Plan Resource Management
Plan Resource Management is the first and the initial step of the project resource management Knowledge Area. It involves various aspects like defining the process of estimating, acquiring, managing and using physical and human resources. This process is usually performed only once or at few predefined points throughout the project lifecycle to help in establishing the way of approach and level of management required for managing resources. These aspects are majorly influenced by the type and complexity of the project.

This process consists of various inputs, tools & techniques and outputs which I have listed down in the below table:

2. Estimate Activity Resources
Once you are done with planning, the next process is Estimate Activity Resources. In this process, the resources required for the project along with their type and quantity of tools, equipment, raw material, and supplies are being estimated. This process is generally executed after specific time intervals throughout the project lifecycle. With this, you can pinpoint the what type of resources you need, in what amounts and what should be their characteristics in order to finish the project successfully.

There are various inputs, tools & techniques and outputs involved in this process that I have listed in the below table:

3. Acquire Resources
Acquire Resources is the third process of project resource management Knowledge Area that deals with collecting the various human resources, facilities, tools and equipment, supplies and raw materials required to deliver the project. This process helps in outlining and guiding the selection process of the project resources and then assigning them to their specific activities/tasks. Thus, it is performed at periodic intervals throughout the project lifecycle and helps in preventing running out of resources.

This process consists of various inputs, tools & techniques and outputs which I have listed in the below table:

4. Develop Team
Next process of this Knowledge Area is to Develop Team. As the name suggests, this process purely concentrates on the development of team bonding and assigning them with rewarding work, future opportunities, and career development. It helps in enhancing the overall team performance by improving team members competencies, interactions, and the environment. This process is performed throughout the project lifecycle and intensifies teamwork, improves interpersonal skills of the individuals, motivates the team and reduces attrition.

Develop Team  process involves various inputs, tools & techniques and outputs that I have listed in the below table:

5. Manage Team
Since the project team is acquired and developed, the next step is to manage them. In this process, each and every team members performance is monitored and tracked, their problem areas are identified and the issues are resolved and feedbacks are given in order to optimize the project performance. This process is generally performed throughout the project lifecycle and helps in influencing team behavior, managing the conflicts and resolving brewing issues.

In the below table I have listed down the various inputs, tools & techniques and outputs that are involved in this process:

6. Control Resources

Control Resources is the final process of the project resource management Knowledge Area. In this process, the project managers ensure that the resources that are assigned and allocated for the project activities are available, monitor their estimated usage vs actual usage and subsequently take corrective actions to keep the project on track. This process is implemented throughout the project lifecycle and helps in ensuring that the necessary project resources are deployed to the correct places at the correct time and are released when the project comes to an end.

This process consists of various inputs, tools & techniques and outputs which I have listed down in the below table:

Resource Management Benefits

  • Optimum Utilization of Resources: With a well-organized project resource management you can use your project resources to their full potential, maximizing their productivity while making sure that they do not feel overworked.
  • Increases Revenue: With optimum utilization of resources and balanced workload, the efficiency of a project increases that in turn results in increased revenue and success of a project.
  • Helps in Resolving Internal Conflicts: Resource management helps in resolving any kind of internal issues regarding the project resources whether be it human resources or physical resources. In project teams, internal conflicts are very important to resolve; else they may hamper in the project development.
  • Avoids Unforeseen Obstacles: A structured resource management will help you in gaining insights into your resources upfront and help in planning how to use them, and troubleshoot gaps or hindrances beforehand.
  • Enhances Employee Satisfaction: Project resource management also helps in clearly outlining the right compensation and benefits which ensures that the employees are happy and satisfied.
  • Improves Employee Performance: Resource Management helps in defining the project resource requirements and thus recruiting the right resources from the very beginning of the project.
  • Helps in Quality Training and Development: The project resource management team solely focuses on the development and growth of the project team. From time to time they organize assessments for determining what type of skills training and programmes are required for the development of the employees.
  • Better Control of Budget: With effective resource management, you can easily avoid “overallocation” or “dependency” of resources which will give you better control over your project.
  • Builds Transparency: It builds up a transparent framework from where other teams of your organization can see and analyze your team’s bandwidth, and thus help in deciding whether your team is working at their full potential and are available to take on new projects.

To Learn Project Management Framework (or) to Clear the PMP Certification Exam, You can contacts ITechGurus

Enquiry Form