What is Engineering Resource Planning?
Engineering projects require niche skilled resources and heavy machinery to execute their projects. However, if they fail to formulate an adequate resource plan, it will lead to bottlenecks resulting in project halts and delays. Therefore, managers need to implement a resource planning strategy to understand resource availability and fulfill project demands.
Engineering resource planning is a comprehensive process of forecasting, identifying, allocating, and efficiently utilizing enterprise-wide resources. In addition, it helps control project financials and timeline and strengthens data-driven decision-making.