What is a Project Resource Plan?
A project resource plan outlines the resources, or people and materials, needed to complete a project. It also details how resources should be allocated, or divided up, to complete initiatives. By creating a resource plan, project managers can ensure that the right resources are available to complete the project on time and within budget.
What's included in this Project Resource Plan template?
- 3 focus areas
- 6 objectives
- 6 projects
- 6 KPIs
Each focus area has its own objectives, projects, and KPIs to ensure that the strategy is comprehensive and effective.
Who is the Project Resource Plan template for?
This project resource plan template is designed for project managers who want to create a plan to allocate resources to different project initiatives. This template focuses on three main focus areas: optimize project resources, monitor project performance, and ensure quality of resources. It contains objectives, actions, and measures that can be used to track progress and measure success.
1. Define clear examples of your focus areas
A focus area is a category of objectives that are related to the overall project goals. In this project resource plan template, the three focus areas are Optimize Project Resources, Monitor Project Performance, and Ensure Quality of Resources. Each focus area contains objectives, actions, and measures that are specific to that focus area.
2. Think about the objectives that could fall under that focus area
An objective is a goal that is related to the overall focus area. Examples of some objectives for the focus area of Optimize Project Resources could be: Allocate Resources to Tasks, and Improve Resource Utilization.
3. Set measurable targets (KPIs) to tackle the objective
KPIs, or key performance indicators, are measurable targets that can be used to track progress and measure success. For each objective, a KPI should be set that includes an initial value, a target value, and a unit of measure. For example, an objective could be to increase the ratio of resource assignment from 75% to 90%. The initial value would be 75, the target value would be 90, and the unit of measure would be %.
4. Implement related projects to achieve the KPIs
Actions, or projects, are initiatives that must be completed in order to achieve the KPIs. For example, if the objective is to improve resource utilization, an action could be to establish a resource utilization benchmark. The action should include a measure that can be used to track progress and measure success.
5. Utilize Cascade Strategy Execution Platform to see faster results from your strategy
Cascade Strategy Execution Platform is a powerful tool that allows project managers to create, track, and measure their project resource plans. With Cascade, project managers can easily create resource plans, set measurable targets, and track progress towards their objectives. Cascade also provides powerful analytics, allowing project managers to make data-driven decisions and see faster results from their strategy.