
Resource Planning
When it comes to Project execution, having a good resource planning process is absolutely critical.
Resource planning is the process of identifying different types of business resources, predicting their demand, and allocating them to your project at the right time and cost. It also enables efficient and effective use of resources throughout the organization. Resources can include human resources, equipment, assets and equipment.
Resource Planning organizes, identifies, and lists the resources needed to successfully complete a project. Resources are the assets needed to complete a project. Resources are in a wide range of categories, including equipment, tools, consumables, materials, time, and people.
A good resource plan will show the optimum allocation of resources against projects and activities.