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Homework answers / question archive / Project Scenario – Avocado to Vineyard Resource Management Plan Assignment Details Addendum: Resources A resource plan organizes, identifies, and lists the resources required to complete a project successfully
Project Scenario – Avocado to Vineyard
Resource Management Plan
Assignment Details
Addendum: Resources
A resource plan organizes, identifies, and lists the resources required to complete a project successfully. Resources are assets that are required to execute a project; a resource is a broad category and includes equipment, tools, supplies, materials, time, and people.
A proper resource plan will map out the project resource needs – the people, equipment, assets – everything that has a cost required to complete the project.
There are four main stages to resource planning one should follow to ensure your bottom line stays firm and you are able to get the available resources when you need them. Before the project starts, begin to figure out the resources you’ll need to execute it.
After you’ve evaluated the situation and determined what the objectives of the project are, you must determine the resources that you’ll need to reach that goal. This must be thought through as efficiently and cost-effectively as possible. These resources include labor, materials, equipment, facilities, contractors, etc.
You need to start to assemble your team according to the skills and experience the project requires. Equipment must be sourced, and contractors secured. Some of the aspects of this stage of resource planning include developing team roles, procurement needs, contracts, etc.
At this point, you need to define the roles and responsibilities of your team, who is doing what. Subcontractors’ roles also need to be defined. If you’re using tools and equipment that are being rented, then you must make sure they’re returned in a condition that meets the requirements of the contract. There will be issues, of course, and when they occur you must identify, define, investigate, and analyze, solve and then review.
Somewhat different from managing resources is controlling your resources, which means monitoring the resources during execution to make sure they’re delivering the results that are expected of them. What this boils down to is something called the resource utilization rate, which measures how efficiently you use the resources. If the utilization rate is too low, action must be taken, such as a cost-benefit analysis. You should always be evaluating outcomes to make sure you stay on track.
Assignment: create a 4-part resource management plan (identification of resources and how they’ll be procured, roles/responsibilities chart, responsibilities assignment matrix, and a resource calendar – examples included).
Example:
Project Manager – responsible for the overall success of the Project. The PM must authorize/approve all project expenditures in accordance with what owners have agreed to. The PM is responsible for approving work activities. The PM is responsible for reporting project status. The PM is also responsible for acquiring all team members necessary. The PM must possess the following skills: leadership/management, scheduling, and effective communication.
Next Role – XYZ…
* P.S. If you don’t have excel or don’t know how to create a chart, simply draw free-hand and scan/take a picture of it and upload for credit.