Monday, October 24th, 2016
Most companies are often faced with resource constraints —in funding, technology, materials and more— as they plan, organize, schedule and execute various projects. Most constraints of any kind tend to hinder progress. However, certain advantages or positive outcomes can transpire as a result of resource limitations.
Resource constraints can cause an organization to operate more efficiently. For example, projects can be overly complex in nature. Hence, management may be forced to modify assignments so people can accomplish each task more easily, expediting the time in which the project gets completed.
People facing resource constraints may be forced to become more innovative, creative and resourceful. They may use motivation techniques to get people to complete tasks and assignments more quickly, for example.
Sometimes, certain aspects of projects won’t be completed because of resource constraints. The project manager may start by eliminating the least important procedures to bring the project to fruition.
Small companies faced with project resource constraints may inevitably be delayed in meeting deadlines. The deadlines or due dates may have been unrealistic from the start, considering the lack of certain resources. However, the pressing issue for the project team is how they can minimize the delay. The key is making sure upper management or clients are apprised of the delays, and that a new deadline be set.
Summing-up: When your business undertakes resource-constrained projects, it can present both challenges and opportunities. Learn from them and improve your project management skills.