Resource Management

Manage resources required by the project 

Resources are assets required by the project such as: human resources (team and consultants), materials (eg. consumables), equipment (eg. cranes leasing), supplies (eg. software license).

Resource Management is the set of procedures to optimize in terms of time and cost the allocation of resources by the project.

Two ways to increase work speed and reduce project duration are Fast-Tracking and Cracking.

Techniques for schedule compression

• Fast-Tracking requires putting in parallel tasks that were originally considered in sequence.

• Cracking is the increase of resources on each task to reduce its execution time.

• In both cases, we expect to reduce time but cost and risks tend to grow.

Manage the demand for resources

To reduce fluctuation of cost we can do Resource Levelling.

• Another technique is Resource Levelling that is done when we want to reduce cost variance in a project, needless to say that time is extended and costs may be larger too.