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In project management, resource leveling is defined by A Guide to the Project Management Body of Knowledge ( PMBOK Guide) as "A technique in which start and finish dates are adjusted based on resource limitation with the goal of balancing demand for resources with the available supply." [ 1] Resource leveling problem could be formulated as an ...
Resource smoothing. In project management, resource smoothing is defined by A Guide to the Project Management Body of Knowledge ( PMBOK Guide) as a "resource optimization technique in which free and total float are used without affecting the critical path " of a project. [ 1] Resource smoothing as a resource optimization technique has only been ...
The critical path method ( CPM ), or critical path analysis ( CPA ), is an algorithm for scheduling a set of project activities. [ 1] A critical path is determined by identifying the longest stretch of dependent activities and measuring the time [ 2] required to complete them from start to finish. It is commonly used in conjunction with the ...
In a project plan, the critical chain is the sequence of both precedence - and resource-dependent tasks that prevents a project from being completed in a shorter time, given finite resources. If resources are always available in unlimited quantities, then a project's critical chain is identical to its critical path method .
In strategic planning, resource allocation is a plan for using available resources, for example human resources, especially in the near term, to achieve goals for the future. It is the process of allocating scarce resources among the various projects or business units. There are a number of approaches to solving resource allocation problems e.g ...
Production leveling. Production leveling, also known as production smoothing or – by its Japanese original term – heijunka (平準化), [ 1] is a technique for reducing the mura (unevenness) which in turn reduces muda (waste). It was vital to the development of production efficiency in the Toyota Production System and lean manufacturing.
The project management triangle (called also the triple constraint, iron triangle and project triangle) is a model of the constraints of project management. While its origins are unclear, it has been used since at least the 1950s. [ 1] It contends that: The quality of work is constrained by the project's budget, deadlines and scope (features ...
In organizational studies, resource management is the efficient and effective development of an organization's resources when they are needed. Such resources may include the financial resources, inventory, human skills, production resources, or information technology (IT) and natural resources. In the realm of project management, processes ...