Discussion: Resource Planning
Resource planning is critical to the effective and efficient management of projects and meeting the organization’s strategic objectives. Resources are often shared between projects within a portfolio of projects. There are a several processes for balancing the resource across projects within a portfolio.
For this Discussion: 1-Compare rolling wave planning, bottleneck analysis, and resource leveling. What are the benefits of each? What are the limitations? 2-Explain the terms “estimate of effort” and “lapse time.” What are the benefits of each technique? What are the limitations? 3- If you were asked to prepare a resource plan for a portfolio project, which method would you choose? Why?
Required Readings: Project Management Institute. (2017). The Standard for Portfolio Management. Fourth edition. Newtown Square, PA: Author.
Chapter 5, “Portfolio Capacity and Capability Management”
This chapter reviews the guiding principles for managing resources within a portfolio of projects. Capacity and capability management also involves optimizing the supply and demand, assessing and developing capability needed by the projects within the portfolio, and balancing capacity and capability.
Kodukula, P. S. (2014). Organizational project portfolio management: A practitioner’s guide. Plantation, FL: J. Ross Publishing.
Chapter 15, “Resource Planning”
In this chapter, the author reviews the importance of resource management and the different processes for allocating resources across projects within a portfolio. The chapter reviews rolling wave planning, bottleneck analysis, and resource leveling as common processes for managing resources within a portfolio.were asked to prepare a resource plan for a portfolio project, which method would you choose? Why?