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What is the importance of managing resources in Project Planning and Management? Why to manage resources?

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Efficient and effective use of resources can often make or break a project. Because resources are limited some hard to be obtain ,expensive or both.   The allocation of resources can have a major influence on project schedules.
  For ex: limited programmers effects time, cost , quality , risk management

  1. Resources that you free up can be used in other projects that share the same resource  pool.
  2. Increased resource use by other higher-priority projects lowers the resource availability for your project.
  3. Resources can be moved from low-risk or less-critical to critical tasks within a project.
  4. idle resource cost money
  5. Over allocated resources increases the risk that a project will fall behind schedule.

Read five Golden Rules for Project Management

 

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