Capacity building is the process of developing these missing skills and obtaining the necessary physical resources. This can be a difficult process, especially when the skills and materials you seek are highly sought after and/ or in short supply.
Resource management is the practice of planning and scheduling resources. And, as we know, it’s difficult. There’s no easy fix, but breaking it down can help. To do this, we need to understand the core components of resource management.
In New Product Development, the ability to deliver projects quickly and on budget is critical to success. Which is why inaccurate estimates are such an important problem. In this talk, Johanna Rothman explains how companies can tackle this issue by shifting their resource management mindset to some of the key ideas of Lean Product Development, and in particular the concept of Flow Efficiency.