Efficient resource capacity planning is a technique that enables businesses to identify resource excesses or shortages well in advance. This insight allows firms to implement corrective actions, such as retraining or upskilling programs, hiring a contingent workforce, etc., to bridge skill gaps proactively.
Consequently, these measures empower managers to avoid last-minute firefighting for resources and keep resourcing costs in check. Furthermore, it ensures that competent resources are available for suitable projects at the right time while maintaining profitable project outcomes.
