Resource conflicts

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=Overview=
 
=Overview=
The management of numerous projects (or a portfolio of projects) at once has become a more widespread and pressing problem as project-based organizational structures have become more prevalent in modern businesses [1]. Substantial number of changes are common when it comes to a projects’ processes and as a result, different projects usually need to compete with one another for resources, particularly human resources. It is a challenge that involves ongoing resource management on the part of organizations to keep the appropriate relationship between resource availability and demand. The difficulty is in acquiring and integrating data about the organization's present status — such as pipeline load, resource utilization, strategic goals, etc. — across ongoing and forthcoming initiatives [2]. In this article, sources, and management of resource conflicts in project portfolio management will be introduced and followed with a more detailed discussion based on literature review on the Resource-constrained multi-project scheduling problem (RCMPSP). The method's purpose is to prioritize tasks to optimize an objective function, such as reducing delay to each project or the portfolio as a whole. It has been claimed that up to 90% of the value of all projects is derived from the context of multiple projects, thus even a slight improvement in their management might have a significant positive effect [1].
 
  
=Resource conflicts=
+
=Relevance of Project Scheduling / Resource Conflicts=
==Sources of resource conflicts==
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Broader context of the problem for example:
==Managing resource conflicts==
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*Importance of efficient project scheduling
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*The challenges of resource allocation
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*Performance Criteria (Herroelen et al., 1996)
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*The trade-offs between project completion time, resource utilization, and cost
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Potential Reference (Chapter 1): (Demeulemeester & Herroelen, 2006)
  
=Resource-constrained multi-project scheduling problem (RCMPSP)=
+
The allocation of limited resources over a period of time is the primary focus of scheduling and sequencing in project management. Scheduling pertains to the determination of when specific activities should take place, while sequencing deals with the arrangement of these activities in a particular order. Research on how to optimally allocate scarce resources over time has been a significant area of interest since the inception of operations research in the mid-1950s (Herroelen et al., 1996).
==Advantages==
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==Implementation==
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The effective and accurate management of extensive projects is purported to result in successful project implementation, increased revenues, and reduced costs and lost profits.
==Limitations==
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Scheduling is therefore, a crucial responsibility of project management, but it has become increasingly challenging due to resource limitations and the need to account for precedence relationships. As a result, project scheduling is a widely recognized and fundamental issue that researchers have extensively studied from different angles. The development of standard solutions for this issue has been a major focus in the field of project management.
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 +
=Resource-constrained project scheduling problem (RCPSP)=
 +
 
 +
==Basic form of the RCPSP / Basic concept of RCPSP / Standard RCPSP==
 +
 
 +
==Resource Constraints==
 +
 
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===Renewable Resources===
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 +
===Non-Renewable Resources===
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 +
==Types of RCPSP==
 +
 
 +
==RCPSP Modelling and Solution Techniques==
 +
 
 +
=Real-world Application=
 +
 
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=Challenges and Limitations of RCPSP=
  
 
=Conclusion=
 
=Conclusion=

Revision as of 19:42, 19 February 2023

Developed by Thordis R. Ragnarsdottir

Contents

Overview

Relevance of Project Scheduling / Resource Conflicts

Broader context of the problem for example:

  • Importance of efficient project scheduling
  • The challenges of resource allocation
  • Performance Criteria (Herroelen et al., 1996)
  • The trade-offs between project completion time, resource utilization, and cost

Potential Reference (Chapter 1): (Demeulemeester & Herroelen, 2006)

The allocation of limited resources over a period of time is the primary focus of scheduling and sequencing in project management. Scheduling pertains to the determination of when specific activities should take place, while sequencing deals with the arrangement of these activities in a particular order. Research on how to optimally allocate scarce resources over time has been a significant area of interest since the inception of operations research in the mid-1950s (Herroelen et al., 1996).

The effective and accurate management of extensive projects is purported to result in successful project implementation, increased revenues, and reduced costs and lost profits. Scheduling is therefore, a crucial responsibility of project management, but it has become increasingly challenging due to resource limitations and the need to account for precedence relationships. As a result, project scheduling is a widely recognized and fundamental issue that researchers have extensively studied from different angles. The development of standard solutions for this issue has been a major focus in the field of project management.

Resource-constrained project scheduling problem (RCPSP)

Basic form of the RCPSP / Basic concept of RCPSP / Standard RCPSP

Resource Constraints

Renewable Resources

Non-Renewable Resources

Types of RCPSP

RCPSP Modelling and Solution Techniques

Real-world Application

Challenges and Limitations of RCPSP

Conclusion

Annotated bibliography

References

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