Project Resource Management is the process of finding, getting, and keeping track of the resources that are needed to finish a project successfully. Using these steps helps make sure that the project manager and team have access to the right tools at the right time and place.
The Project Resource Management processes are:
- Plan Resource Management
- Estimate Activity Resources
- Acquire Resources
- Develop Team
- Manage Team
- Control Resources
There are different sets of skills and knowledge that a project manager needs to handle physical resources versus team resources. Things like tools, materials, buildings, and structures are examples of physical resources.
These terms, “team resources” or “personnel,” refer to people resources. People may be hired full- or part-time, have a range of skills, and be added to or taken off the project team as the project goes on. Project Resource Management and Project Stakeholder Management do some of the same things.
Key Concepts For Project Resource Management
The people on the project team each have their own roles and duties, and they all work together to reach the project goal. The project manager should put in enough work to find, handle, inspire, and give the project team the tools they need to do their job. Even though each person of the project team has a specific job to do, it’s still good for everyone to be involved in planning the project and making decisions. When team members help plan, they bring their knowledge to the process and make their commitment to the project stronger.
The project manager should be in charge of the whole team and lead them. In addition to starting, planning, executing, monitoring and controlling, and ending the different project steps, the project manager is also in charge of making sure that the team works well together. The project manager should know about a number of things that affect the team, such as :
- Team environment,
- Geographical locations of team members,
- Communications among stakeholders,
- Organizational change management,
- Internal and external politics,
- Cultural issues and organizational uniqueness, and
- Other factors that may alter project performance.
As a leader, the project manager is also in charge of effectively building up the skills and abilities of the team while also keeping and increasing the motivation and satisfaction of the team. The project manager should know what professional and moral behavior is and follow it. They should also make sure that everyone on the team does the same.
Allocating and using the physical resources (like materials, equipment, and supplies) needed to finish a job in an efficient and effective way is what physical resource management is all about. Of course, for that to happen, businesses need to know how many resources they have, how many people will need them in the near future, and how many resources are available. Not managing and controlling resources well is a risk for finishing a job successfully.
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