Resource Management Warning Flag 1 – Frequent, Inaccurate Resource Needs Estimation

All organizations face the dilemma of limited resources. Some organizations, through the use of deliberate work prioritization and sound resource needs estimation, ensure their resources are appropriately allocated to maximize the organization’s overall value. In other organizations, however, there exists an adversarial relationship between seniors and subordinates that results in inaccurate resource estimation and subsequently diminishes the overall value the organization is capable of producing.

Hi there! Gain access to this article with a StrategyDriven Insights Library – Total Access subscription or buy access to the article itself.

Additional Resources

StrategyDriven Contributors recommend the following resource as a guide to the common methods used to estimate resource needs for an activity or project:

A Guide to the Project Management Body of Knowledge, Third Edition
by the Project Management Institute

About the Author

Nathan Ives is a StrategyDriven Principal and Host of the StrategyDriven Podcast. For over twenty years, he has served as trusted advisor to executives and managers at dozens of Fortune 500 and smaller companies in the areas of management effectiveness, organizational development, and process improvement. To read Nathan’s complete biography, click here.

Related content from StrategyDriven

 

Yellow Sticky Analysis

Comprehensive Product or Service Launch Planning Checklist

Executive Briefing Cost Reduction Opportunity: Risk Assurance Maps

Common Overlooked Controllable Oversight Costs