The following article is part of the self-preparation for the modern BVOP® Certified Project Manager program.
Reading time: 2 minutes, 51 seconds
- What is Resource Management in the BVOP context?
- Cross‐functionality of the teams
- Program and projects continuous assessment
- Resources supply
Resource management in the context of BVOP refers to the evaluation, assessment, and allocation of resources between individual projects, teams, and activities of the organization.
The topic includes main activities such as planning, evaluation, and request of financial resources, physical or non-physical resources, planning and request of new staff, planning and requesting training, etc.
Resources may relate to finance, environment, safety needs, professional human skills, materials, information technology, tools, databases, and other physical or nonphysical assets needed for the realization of the program.
The Business Value-Oriented Program Management (BVOPGM) office estimates and allocates resources during the entire program realization, which may lead to involvement in:
- Planning, estimating and requesting financial resources
- Planning, estimating and requesting physical or nonphysical resources
- Planning and requesting new personnel recruitment
- Planning and requesting training
- Withdrawing resources from a project or entire program
- Allocating resources across projects
Program, project, and product management roles collaborate for proper resources planning, as well as estimate and eliminate waste.
The BVOP focuses on the general cross-functionality of the teams working on a single project. Cross-functional project teams are a major factor for the successful project realization. Such teams usually include people with different expertise and work together for accomplishing common objectives.
If a project consists of a team with the entire needed skill sets, the general productivity may be higher than the ones often relying on external support.
Team members of the cross-functional teams need to share information, collaborate, work together, and support each other.
Periodically all projects and the whole program need to be evaluated. If the entire program or its projects require significant resources and time to complete, market, user, and business needs may change as the projects are completed.
Once any changes have been identified, projects and the entire program need to adapt.
Projects may need an additional supply of resources over time. If initiatives are assessed as successful and teams or tools need additional resources, the BVOPGM office usually plans and requests more specialists joining the teams, as well as financial resources, technologies, tools, or software.
The following issues related to chapter "Program resources management" are included in the certification exam. The sequence of questions is presented in the table.
The data is current as of November 24, 2021, 7:13 pm
|0||Program and projects continuous assessment||60 sec||PGM, PM|
|1||Cross‐functionality of the teams||60 sec||PGM, PM|
|2||Resources supply||60 sec||PGM, PM|
|3||What is Resource Management in the BVOP context?||60 sec||PGM, PM|
Comments from the BVOP™ community
All projects need resources. However, the organization needs to know how much resources should be provided for the development of all projects. This, of course, must be in line with the priority of the projects, the estimated profits, and benefits for the users.
Resource management, in my view, is the most difficult task for program management, because many teams from different departments are involved in this step, and different stakeholders require this information.
Usually, time and money planning are done not only to predict these rates. Many people are unaware that this information serves for possible loans, salary calculations, marketing initiatives, maintenance of equipment and environment.
You see in the guidebook how many kinds of resources are included in the resource management. Every forecast is required by business people, investors, banks, partners, and at the same time, the organization must maintain a sustainable business model and happy staff. Program management has a very important role in all these perspectives.
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