Time is a PM’s most valuable resource, and it is precisely what resource planning tools can save in abundance. Resource planning tools usually come equipped with all sorts of visuals, from graphs and tables to charts and diagrams, that can be harnessed by PMs to visualize their resource planning. With the rise of visual project management, taking advantage of visualizations on top of everything else couldn’t be more important for PMs, especially given its range of benefits. Such tools will also enable PMs to carefully keep track of resource allocation and utilization at any given time, and allow them to rapidly make adjustments to ensure everything progresses as smoothly as possible. With good resource planning tools, PMs can have tighter control over all the resources required by the project, from money to manpower. Here are the most important reasons why PMs should use dedicated tools: Tighter Control Over Everything While spreadsheets alone (e.g., Excel, Google Docs) can technically be used for resource planning, PMs will quickly encounter bottlenecks due to their lack of automation, tracking, and planning features, to name a few. The Importance of Resource Planning Toolsīehind every good resource planner is a good resource management tool. We’ll cover the importance of resource planning tools and what features they must have before suggesting two of the best options available. So if you’re a PM or a Confluence user struggling with resource planning and looking for a good tool, then this article is for you. Resource planning in project management is a crucial element for PMs it’s a skill set that requires careful planning, budgeting, assigning, and allocating resources to provide the entire project with stability and the assurance that things stay on course. Likewise, it wouldn’t be a stretch to say that the lifeblood of a project is its resources-without sufficient resources, any project would be left dead in the water. But for product or project managers (PMs), this also includes resources such as time, budgets, manpower, information, materials, and more. Good project management is like economics: it’s the art of effectively managing scarce resources.
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