Resource Allocation Essay Example for Free

Resource Allocation Essay Project management is the discipline of defining and achieving targets while optimizing the use of resources: time, money, people, materials, energy, space, etc. , over the course of a project. The most important resources that project managers have to plan and manage on day-to-day basis are people, materials, equipment and working capital. Obviously, if these resources are available in abundance then the project could be accelerated to achieve shorter project duration. On the other hand, [Avoid using colloquial language, slang or jargon in formal writing (14)] if these resources are severely limited, then the result more than likely will be a delay in the project completion time. Depending on the type of resources, the costs of providing an abundance of such resources to accelerate project completion time can be very high. However, if resources are readily available and excess premiums are not incurred to use them on the project, then project cost should be low, as some project costs are resource related while others are likely to be time dependent. In seeking professional services for the design and construction of our garage with living quarters, the management team has been confronted with a broad variety of choices. The services solicited are based on past history and excellent referrals. The Ransom family has selected the following individuals for the organizational structure of the garage project, all team member functions, responsibilities, qualifications, and capabilities are defined, as well as where each member fits into this structure. [Comma splice and/or run-on sentence. Rewrite as two sentences, or separate with a semicolon. (32)] The Ransom’s are confident that this group of individuals will form a cohesive team to complete the project within scope, budget and time. Ransom Family James Sampson is a low-level manager who will function as project manager. As PM he has been given the authority by the board of directors to resolve any resource allocation issues that may arise. James reports directly to the board of directors. His qualifications are over 20 years of experience in the areas of industrial engineering, materials and operations management. His academic credentials include a bachelor’s degree in industrial engineering and an MBA specializing in quantitative business analysis and business statistics. James will serve as liaison for the city planning commission. James has the following skills and abilities: principles and practices of contemporary project management, strategic, conceptual and analytical thinking, adaptability and flexibility including ability to manage pressure, ambiguity and change, team leadership, interpersonal, communication, and project management skills. Jody Bryant is a functional manager in charge of Contract Administration and Documentation. She reports to James Sampson. Jody’s qualifications are 18 years experience in the area contract administration and associated policies, and procedures. Her academic credentials include a bachelor’s degree in business administration and an MBA specializing in technology. She maintains contract administration systems that ensure that contractors perform in accordance with the terms, conditions, and specifications of their contracts and/or purchase orders. Her responsibilities include: documentation and record keeping, receiving, evaluating and acting on engineering and other change proposals, negotiating cost and schedule impact relating to change orders and other contract modifications. She also ensures timely submission of required reports. Rose Matos is functional manager in charge of structure and on-site management. She reports to James Sampson and Jody Bryant. Rose has 15 years experience designing beams, columns, walls, floors, roofs, and foundations of various structures. She will be responsible for overseeing Big Time Builders, Keep-em Happy Architectural, Martin Grading, and other of contractors such as electrical, plumbing, mechanical, and industrial engineers. James Vann Haigler is functional manager over quality assurance. Vann, as he prefers to be called, has an extensive background in quality assurance management, which includes a Bachelor of Science in Business Administration, specializing in Computer Science. He has over 13 years of experience in QA, 3D graphics applications. Vann reports to James Sampson, and is responsible for the overall management of activities related to the sampling, and release of raw materials and components. This includes, but is not limited to, writing of specifications and SOPs, control of artwork, shop floor testing, resolution of Sub-standard Material Reports, and maintenance of vendor files. He guarantees a level of quality for the end client, and is focused on creating a quality deliverable. Task and Responsibility Matrix After the project is organized, there is a need to define what roles and responsibilities for each member of Team B. Within the project the labor will not be specificity be accomplished by the team members but from sub-contractors, however each task must be carried out in order to complete the project. [This sentence is confusing. Reword for clarity] In order to insure that all tasks are carried out in the necessary order described within the Statement of Work the overseeing of the tasks are divided and assigned to various team members according to the members role which is defined by; responsibility, approval and support. With this in mind, the team has developed a task/responsibility matrix to keep track of these steps.