Level:
Advanced
TCM Section(s):
7.4. Resource Planning
Venue: 2022 AACE International Conference & Expo
Abstract: Organizations throughout the construction industry are being challenged with managing complex project portfolios with limited resources. This issue has been amplified by the COVID-19 pandemic, as demand in both the residential and commercial construction industries has substantially increased, causing builders to turn away work due to their human capital constraints and surging capacity. Despite resource availability and allocation being common challenges, project managers often lack the tools to identify, anticipate, and communicate resource needs and constraints.
The implementation of a dynamic approach to resource analysis can enable project managers to better track, monitor, and forecast resource demand for their project portfolio by proactively identifying and mitigating risks impacting the project plan. When critical resources are overallocated and additional talent is required, project managers can easily quantify data-driven decisions to their leadership. Ultimately, this data-driven approach can help provide a healthy and sustainable resource outlook, enabling the project team to deliver efficiently and effectively, while helping to reduce the risk of attrition due to burnout. This paper will detail some of the benefits of implementing a resource-analysis strategy, as well as showcase pilots where this approach has been demonstrated for federal agencies.
TCM Section(s):
7.4. Resource Planning
Venue: 2022 AACE International Conference & Expo
Abstract: Organizations throughout the construction industry are being challenged with managing complex project portfolios with limited resources. This issue has been amplified by the COVID-19 pandemic, as demand in both the residential and commercial construction industries has substantially increased, causing builders to turn away work due to their human capital constraints and surging capacity. Despite resource availability and allocation being common challenges, project managers often lack the tools to identify, anticipate, and communicate resource needs and constraints.
The implementation of a dynamic approach to resource analysis can enable project managers to better track, monitor, and forecast resource demand for their project portfolio by proactively identifying and mitigating risks impacting the project plan. When critical resources are overallocated and additional talent is required, project managers can easily quantify data-driven decisions to their leadership. Ultimately, this data-driven approach can help provide a healthy and sustainable resource outlook, enabling the project team to deliver efficiently and effectively, while helping to reduce the risk of attrition due to burnout. This paper will detail some of the benefits of implementing a resource-analysis strategy, as well as showcase pilots where this approach has been demonstrated for federal agencies.