5 Key Principles to Resource Management

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Why is project management so important? Project management brings together people, processes and tools to accomplish a common objective. Most importantly, it manages the resources that actually do the work.

Here’s how you can effectively manage resources:

People
When it comes to project success, people are ultimately responsible. Remember that soft skills like communication, leadership and emotional intelligence are necessary in order to inspire and motivate.

Visibility
Know not only what motivates your team, but what they are working on. Have a global view of all your projects and resources.

Collaboration
Working together increases productivity and decreases errors. Using a tool that enables collaboration will help them feel like they are left alone.

Transparency
Is everything aligned to the end goal?

This requires:

  1. Prioritization of tasks
  2. Estimates
  3. Risk awareness

Passion
Passion for your work is usually when people perform at their very best. Finding out what each teammate loves to do and then matching them to a resource rather than assigning them, will result in optimal resource allocation.

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