Given the volatile market conditions, businesses must forward plan project requirements to prevent resource constraints from derailing project initiation. Thus, resource planning in project management has become crucial to ensure that the workforce is used optimally to achieve project goals.
Resource planning helps allocate the right personnel to the right task, ensuring competent allocation. As a result, it helps reduce resource costs and ensures the timely delivery of projects. Moreover, it enables managers to forecast and improve utilization, thereby maximizing the profitability of the organization.