Resource Allocation Plan in Projects

Resource allocation is the process of identifying which best resources are going to be assigned to which task or project. Resource management and resources allocation helps to make sure that neither workers are overworked or underutilized. If it is necessary to, resources can be re-allocated to optimize current availability and project timelines. Capacity planning needs to happen hand-in-hand with the task at hand.

In project management, resources are allotted or managed, which means the activities that have specific resource requirements must be planned and scheduled based on the availability of the required resources as well as on the completion date of the project.

Building a plan for how to use resources, including limited ones, setting up a resource calendar to serve long-term goals is the goal of a resource allocation plan. The goal is to wisely allocate your resources to serve your business in the future, for example by hiring some people now and waiting on hiring others. 

The resource allocation plan is a part of the resource management plan. Resource allocation plan template should include all the information you need about project resources, such as:

Name of the resource: In this case, it could be a specific resource or an individual.

Task associated with: What kind of job will you use this for?

Contribution to the project: Individuals bring these skill sets to any project that requires staffing.

Capacities: It is the maximum capacity that a resource can handle.

Projected start and finish date:  When the project will begin and end.

See also: Estimate Activity Resources

Requirements Traceability Matrix