Create
cancel
Showing results for 
Search instead for 
Did you mean: 
Sign up Log in
Celebration

Earn badges and make progress

You're on your way to the next level! Join the Kudos program to earn points and save your progress.

Deleted user Avatar
Deleted user

Level 1: Seed

25 / 150 points

Next: Root

Avatar

1 badge earned

Collect

Participate in fun challenges

Challenges come and go, but your rewards stay with you. Do more to earn more!

Challenges
Coins

Gift kudos to your peers

What goes around comes around! Share the love by gifting kudos to your peers.

Recognition
Ribbon

Rise up in the ranks

Keep earning points to reach the top of the leaderboard. It resets every quarter so you always have a chance!

Leaderboard

Come for the products,
stay for the community

The Atlassian Community can help you and your team get more value out of Atlassian products and practices.

Atlassian Community about banner
4,456,406
Community Members
 
Community Events
176
Community Groups

What is resource utilization? How does it benefit your business?

Resource utilization is an essential metric used by managers to elevate the chances of success throughout any project. It is a KPI (Key Performance Indicator) that measures the performance of employees and allows managers to monitor available resources across various departments. In addition, resource utilization demonstrates the percentage of how much time the team is spending on accomplishing their goals and if all assets are being utilized to their highest potential. You can calculate resource utilization by dividing the average hours worked by the total available working hours. This equation will determine the time being spent on billable tasks.

Let's dive into the benefits resource utilization can create to improve and grow your business practices.

  1. Every manager should avoid overloading tasks on their employees, which will result in bad performance and eventually burn out the workforce productivity. In this case, suitable utilization can help managers identify the overworked and underworked staff to improve decision-making and allocate assignments properly.

  2. Project managers must always guarantee that all components stay on track and that the framework cycle flows undisturbed. Incorporating resource utilization reports to display a deeper insight into the vacant capacities over a specific period can reduce oversight risk and obtain assurance. As a result, managers will gain clearer visibility, enabling them to make better estimates for future events.

  3. Deploying the appropriate resource methods will benefit all entities involved in the process. It will effectively help with financial and cost management while recognizing the company's losses and earnings. Therefore, it will increase the ROI (Return of Investment), sustain profits, and expand the business value.  

  4. Resource utilization is essential for project managers to organize their assets according to their needs. Evaluating the possible opportunities will restore balance within the workload while avoiding any delays that can affect the plan's progression. Hence, the ongoing process should be monitored regularly to increase transparency with stakeholders.

Corporations are always under constant pressure to deliver innovation and turnovers. Therefore, calculating your resource utilization rate is a significant element in creating a powerful team that produces high-quality deliverables. You can allocate your resources sufficiently and make quick and smart decisions when faced with roadblocks. A good leader should rely on resource utilization to maintain a well-established and growing business.

0 comments

Comment

Log in or Sign up to comment
TAGS

Atlassian Community Events