Resource planning refers to forecasting, identifying, allocating, utilizing, and managing business resources, such as personnel, equipment, finance, etc., to deliver projects and achieve organizational goals effectively. It involves estimating resource requirements and assigning the best-fit personnel to projects.
This alignment enhances productivity but also ensures the timely delivery of projects within budget. Effective resource planning also involves tracking actual resource usage and comparing it with planned allocation, making adjustments as demands change, and ensuring resources are not overburdened or left idle.
