What is resource utilization? Formulas, techniques, and benefits
A large part of project management is ensuring that your team has the time and resources needed to complete jobs on time. As a project manager, you need to be able to assess the available hours from your team members and check available resources before you put together a project plan. This process is called resource management. Understanding resources is essential for several reasons, and it has a major impact on the billable hours and, therefore, your company's profitability.