In today’s competitive business landscape, firms juggle multiple projects simultaneously, each varying in scope and complexity. As a result, the key to organizational success depends on curating an effective resource plan tailored to meet the unique requirements of each project.
With effective resource planning, managers can gain insights into key resource metrics. This visibility enables the competent allocation of resources to projects. Further, it facilitates the tracking of resource utilization across multiple projects, helping managers mitigate under/overloading and improve profitable workforce utilization.