Capacity and Resource Management
Capacity and Resource Management is focused on efficient use of organizational resources to maximize the value of the project portfolio. It is responsible for planning and scheduling resource capacity to meet project demands, manage resource conflicts, and ensure optimal utilization of resources. It gives stakeholders an overview of resource usage and availability, enabling better forecasting and planning, managing resource requirements as per project timelines and needs, and balancing resource allocation across the portfolio in accordance with strategic objectives and priorities.
Guide: Capacity & Resource Management
What is Capacity and Resource Management?
Capacity and Resource Management is a strategic approach that involves planning and managing an organization's resources to ensure projects are efficiently handled and goals are met.
Why it is important?
It is crucial for maintaining balance in the organization, ensuring resources are adequately distributed, and avoiding overworking or underutilizing resources. It aids in optimizing productivity, efficiency, and profitability.
How it works?
It generally involves assessing the capacity of the organization or team, identifying resources available and their utilization levels, forecasting future requirements, and managing and distributing resources accordingly.
Exam Tips: Answering Questions on Capacity and Resource Management
1. Understand the concepts: Ensure to have a sound understanding of the terminologies, principles, and practices of Capacity and Resource Management.
2. Use Real-world examples: Using practical examples can make your answers more credible and easy to understand.
3. Be Concise and to the point: Examiners value precise, relevant, and concise answers. Avoid unnecessary details.
4. Use Diagrams: Diagrams can help illustrate the workflow or process involved in Capacity and Resource Management, making your answers more comprehensive.
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