Resource Management in Project Management

Key Functions of Resource Management

• Ensures needed resources are available at the right time and place
• Builds a high-functioning project team

Key Responsibilities of a Project Manager in Resource Management

1. Estimate Needed Resources
   • Determine appropriate number and type of resources
   • Includes both human and physical resources
   • Conduct alternative analysis for cost, risk, and availability
2. Acquire Resources
   • Negotiate with internal and external sources
   • Assign resources to project activities or roles
3. Build and Manage the Team
   • Observe team performance
   • Implement team-building measures
   • Move team effectively to the performing stage of Tuckman's model
   • Ensure the right person is in the right job
4. Monitor and Control Resources
   • Ensure activity needs are met consistently throughout the project

Resource Management in Different Project Methodologies

Waterfall Projects

• Resources are determined early
• Acquired when needed
• Team building is continuous and ongoing
• Resources monitored and controlled throughout

Agile Projects

• Primary resources: people, services, technology
• Resources determined early but may be updated
• Cross-functional, self-organizing teams
• Adjust based on emerging requirements and customer feedback