T-Verify Resource Requirements
Updated: Nov 6, 2021
Resources create the project's deliverables. Do you have the resources to create the desired outcome?
Review resource requirements and develop your resource plan
recognizing that each phase typically requires different types and quantities of resources.
Resources:
Identify resources, knowledge, and skills required.
Consider all phases of the project, including management requirements.
Identify specific individuals within the organization that have required skills
Identify all skills for which internal competencies fall short or do not exist.
Produce an initial cost estimate and budget requirement for the project that’s consistent with the organization’s financial management and control system.
If a specific budget was established & must be met constantly monitor all cost items.
Typical cost items include; capital equipment, employee time, external resources, materials, tools, supplies, & documentation
People:
Idle resources increase cost
Unavailable resources increase schedule
Mismatched resources jeopardize quality
Balanced resources:
Enable concurrent work
Promotes teamwork
Produces desirable results
Time:
You Can't manage time
Manage what you do with your time, your daily processes and work
Control distractions that break your flow
Multi-tasking doesn’t work, it usually requires more time while risking mistakes
Determine what’s important & critical
Be comfortable with saying “no”
Everything takes longer than you think
Tools:
Should support the process & organization’s maturity
Promote collaboration
Balance summary & detail
Use templates with guidance
Simplify tracking tools & metric performance
Should be easy to use for the “casual” project manager & team members
Materials:
Identify materials / equipment required by task
Is there a preferred source for specific materials / equipment?
Do you need / have a vendor selection process?
Do you have vendor past performance data?
Build acquisition time into your schedule
Track & update acquisition time by vendor
Budget:
Company specific
Identify cost items
Tie cost items to deliverables
Validate deliverable costs
Establish simple tracking tools
Link costs with department budgets