Supply and Demand | Zendy

Eugene Kania | Zendy

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Supply and Demand

Author(s) -

Eugene Kania

Publication year - 2006

Publication title -

mechanical engineering

Language(s) - English

Resource type - Journals

SCImago Journal Rank - 0.117

H-Index - 17

eISSN - 1943-5649

pISSN - 0025-6501

DOI - 10.1115/1.2006-feb-2

Subject(s) - process (computing) , key (lock) , process management , resource (disambiguation) , project portfolio management , engineering management , computer science , pipeline (software) , economic shortage , resource management (computing) , project management , portfolio , knowledge management , engineering , risk analysis (engineering) , systems engineering , business , government (linguistics) , computer security , operating system , computer network , linguistics , philosophy , finance , programming language

This article discusses key aspects of resource management for the successful completion of a project. The article highlights that decision-making is the difficult, but necessary, last step to arrive at a portfolio of projects that do not overload resources and clog the engineering pipeline. The four-step resource management process that a company has implemented helps management visualize and understand the effects of their project decisions. It also helps engineering managers identify resource shortages. The key to implementing this system is to build solid communication processes, get key organizational participation, and have the discipline to keep at it every month. The article also suggests that if a company is to use a software tool to facilitate and enable the process, keep it as simple and effective as the process itself.

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