For project managers, resource allocation is an in-depth process that includes allocating budget, equipment, people, tools, data, and more. So, is there an ideal method to ensure a project is completed successfully?
The reality is that the best resource allocation strategies are half science and half art. It requires a deep understanding of each project, being able to accurately predict the knock-on effects that any decision will have, and a constant balancing of resources across multiple projects.
At the end of the day, projects must have the right work resources assigned to them in order to be completed successfully. Given the number of moving parts in each project, multiplied across all projects, this is no easy feat.
From using cutting-edge technology to accurately predicting and allocating resources, this whitepaper breaks down the four main areas project managers must focus on to achieve project success.
