4 Tips For Successful Resource Allocation

Once you are done with your PG Diploma in Business Management, as a future project manager, resource allocation will become a major part of your job. So the question arises, what is the best way of resource allocation? What all factors need to be kept in mind while allocating the work to various resources?

In order to lead  a high-performing project team, resource allocation is one of the most trickiest task to perform. You need to make sure that every member of your team is fully occupied at the same time working to the best of their potential. While ensuring the maximum harmony in work, there can be times when someone has to work on something that is not their core expertise area but never the same you need to assign the task to them. In such situation, what you need to ensure is that you provide them all the support they require while performing that task.

You will get to learn a lot about resource allocation in your Post Graduate Diploma in Management. For the starters, here are 4 tips that can help you in successful Resource Allocation process:

1. Skill

This is the topmost factor that needs to be kept in mind. You would not want to allocate the work to someone who has neither knowledge or skill to perform a particular task.

2. Experience

Now that you have accessed the skill of every member of your team, it is time to judge them on the level of experience. Have they performed the similar task in past? If you have two people with the same skill set to perform a particular task - one with experience and one without experience, it is a good idea to go for the experienced one as they won’t need much support to perform the task.

3. Availability

Skill and experience would help you categorise the work in a good way. Next comes the availability. Is the person you think is most suitable as per skill and experience is available to do the task in hand? There will be times when the person most suitable would be busy doing a task that is high in priority. In that case, you should always have a backup who can take up the task and be able to complete it with as little assistance and support as possible.

4. Location

The last most important factor to be kept in mind is where the task is going to be carried out? In today’s remote work culture, this factor is usually of no importance but there are likely to be certain tasks where location does play an important part. For example, working at a client location for a length of time or the task of configuring servers on site. In such case, you would want to pick the best person for the job from the pool of available options. In case of overseas location, you need to make sure that the resources concerned are willing to go.