Situation: A company is so busy with ongoing projects that they are unable to allocate resources to major infrastructure development projects. The CEO wants to know what the company can do to make sure that these projects get the attention that they deserve. How do you improve resource allocation?
Advice from the CEOs:
- Most of the time, and in most companies, some slack resources exist for at least part of a day. While it may not be the most efficient solution, one CEO divides 2nd tier projects into chunks and assigns work to individuals who have time.
- Consider hiring an outside contractor who is hired exclusively to work on infrastructure projects.
- Design a long-term solution:
- Look at actual downtime over the course of an extended period.
- Review the opportunities, prioritize them with the most important having the highest priority, and sequence them.
- As resources have free time, assign them to work on the top priority project available at that time. When this project is completed, queue up the next highest priority project for work.
- Review the opportunity list on a regular basis and reprioritize based on current conditions.
- Key Take-Aways from this Discussion
- Be patient; let it happen.
- Space and resources exist. Establish a process to focus on opportunities one at a time.
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