Allocating and Managing Constrained Resources (LOs: 6a, 6b)
Allocating and Managing Constrained Resources
Limitless material resources are not only unavailable most of the time, they may actually be a hindrance. And remaining lean and mean can often be a blessing.
– Michael Gibbert, Martin Hoegl, and Liisa Välikangas

The Big Ideas in this Lesson
- You have to have the right resources at the right time. This involves staying flexible and making changes as necessary, rather than hewing to a predefined structure that might not be useful as conditions change.
- Constraints on resources are inevitable, but by combining geometric-order techniques such as resource leveling and resource smoothing with an adaptive, living order approach, you can prevent project crises.
- Project managers have to look outside their projects to find the resources they need. Somehow, within their organizations, they have to secure the resources they need. Meanwhile, on the portfolio-level, executives have to manage resources to ensure that they are available for many projects over the long term.
Source: University of Wisconsin
View original source.
This work is licensed under a Creative Commons Attribution 4.0 License.