4 must-know tips on resource allocation for your marketing plan
“God, I have so much work to do!”
“I can’t help with the new project. I barely have enough time to do all the work for the other projects.”
Tell me if those statements aren’t common in your team.Oftentimes, especially when managing a number of different projects, the marketing team’s resource allocation gets way too out of hand. The worst part is that on paper, everything is scheduled and planned neatly, which leads marketing managers to think that they have enough time and recourses to undertake a few more projects.
But in reality, it turns out that every single team member is somehow allocated at more than 100% of their time, with the exception of this one guy who has almost no work to do. Wrong resource allocation leads to complexities in the workplace, as well as tons of missed opportunities that could otherwise be turned into tangible profit.
The thing is that on paper, everything is usually planned based on the idea that no accidents, emergencies or problems will happen during the execution phase. And even if you plan all that (which is almost impossible to do, but hey, we still try), you can’t plan for every single thing that may or may not happen in the future.
This is when problems begin to emerge. So how do we fix wrong resource allocation?
Resource allocation 1.0.1
Resource allocation (or resource management) is the process of evaluating existing resources (human, hardware, time, budget, etc.) and distributing them among a number of projects to balance the priorities of the company.
This is the ideal definition of resource allocation. But when you look at it closely, it misses a few important points:
- What happens when any sort of emergencies (company or personal level) take place?
- What if you onboard a new project? – Typically, it’s a good idea to allocate resources between existing projects by 100% to maximize job quality and minimize the amount of time needed to complete each project. But when a new project comes into play with existing resources already allocated at 100%, how do you make the shifts?
- What if the new project you onboard has a higher priority than existing ones? – Take the simplest example: the newer client pays x2 more than existing clients for almost the same amount of job (yay sales team!). What do you do then? Obviously, you can’t abandon existing projects, but it will be stupid to say “no” to the new one.
So the definition should be something like:
Resource allocation is the art of continuously evaluating existing resources and distributing them across various projects, based on project priority, time needed to complete, amount of work to be done, etc. taking into consideration the buffer time for any emergency situations (company or personal).
Constantly review your resource allocation plan
It’s essential to review the resource allocation plan from time to time, in order to minimize over/under allocation issues. When a large team is working on a number of projects, the small issues and details that arise (and they ALWAYS do) often take an additional time to complete, but in most cases, they are so insignificant that a good team player will not voice them: they will simply proceed with fixing the problem.
As more and more time goes by though, the number of those mini-problems grows and even though they get solved along the way, team members unconsciously work longer on a project than they are supposed to, which automatically leaves less time for other projects. And that’s how a mess is created practically out of nothing.
Knowing this, review the resource allocation plan with your team at least once a month to make sure everything is under control.
When dealing with a project with high priority, it might be a good idea to allocate more resources to that project than normal, to help finish it sooner. However, this can be tricky.
When allocating too much resources for a certain project, you need to make sure that you aren’t hurting (or at least not too much) others. For example if the project is short term, this will be a good idea.
Another thing to keep in mind is the individual skills and differences of your team. There are people who typically work faster than others, so when dealing with high priority projects, have the faster guys deal with it.
When dealing with wrong resource allocation, it’s almost impossible to set things right if you don’t know the full story. Each team member should always communicate any problems/issues that they faced or solved during the process, which came up out of nowhere and required additional time to complete.
The more information you gather, the more effectively you will be able to distribute tasks between team members, taking into consideration time, individual skill, number of people needed, etc.
Encourage better communication and teamwork
Finally, regardless of how good you are at management, it’s always going to be harder to do it all alone. Team members often know better how much time they need to complete a task, or how much extra time they might have during the working day.
Encouraging better communication between team members will help sort things out faster. For example, if a team member suddenly faces a problem that he can’t complete due to lack of time, skill or something else, another team member with better skills or more time to spare can rush to help. This way, you will not only give your team a lot more freedom in their daily activities, but also make sure that emergencies/unexpected issues will be dealt with more efficiently.
Proper recourse allocation is one of the hardest parts of your marketing strategy. At the end of the day, you might not be able to utilize all resources at 100%, no matter how hard you try. The best advice will be: In case when one approach doesn’t work, try another rout.
Oh yeah, and don’t try to do it alone. Marketing isn’t called a team sport for nothing -)
Pavel is a doctor who happens to have an MBA degree and a strong passion for writing. "I am a do-it-all kind of person: When I am not writing, I am busy curing people, when I am not curing people, I tend to kill WCG competitions. Life is fun, and full of wonders: Do what you enjoy most, even if it’s everything at once."