Question

How can we use the resources for better and maximum utilization

Answer 1

Answer:

Resource allocation vs. resource utilization

These processes might sound similar, but they have some slight and important differences:

Resource allocation sees a project manager choosing suitable staff for a project and then managing them as the project is completed, reassigning them or altering their workload if necessary.

Resource utilization, however, is the process of strategically measuring how effective resources are. While allocation organizes your project, it’s utilization that makes your project successful.

Both processes are key to achieving project success, however resource utilization is often undervalued. Creating a robust framework for assessing the quality of existing resources might seem complicated, but with the right tools it can be easy. Once you’ve decided on the budget and resources available, and the metrics you want to use to measure efficiency, you can implement resource management into your projects.

Explanation: