Definition:
The percentage of available resources actively used in a project.
ResourceUtilizationRate = (Actual Resource Usage / Total Available Resources) ×100
Key Components:
- Workforce Efficiency: Measures labor productivity.
- Equipment Utilization: Tracks machinery efficiency.
- Time Optimization: Reduces idle resources.
Use Cases/Industries:
- Construction: Evaluating crane usage for site efficiency.
- Energy Sector: Measuring efficiency of power grid maintenance crews.
- Manufacturing: Optimizing production line staff allocation.
Advantages:
- Reduces idle costs and waste.
- Improves scheduling efficiency.
- Enhances project profitability.
Challenges:
- Over-utilization can lead to burnout.
- Poor tracking may lead to inaccurate estimates.
Related Terms:
Resource Loading, Resource Histogram, Critical Chain
Example:
A project with 80% workforce utilization indicates some labor is underused.
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Synonyms:
Resource Efficiency Rate, Workforce Productivity, Equipment Usage Ratio
