Discuss some ways in which you and your team members will handle any overallocation of resources in the project.

Resource management is a fundamental part of project management and involves the allocation of resources to the different activities that need to be performed for the successful and timely completion of any project. These resources include human resources, equipment, space, and money. Each of them may be scarce, and for that reason, they have to be used effectively.
Poor resource allocation can have an adverse effect on project duration, cost, quality, and risk. In terms of project duration, if the required resources are not available when needed, it will be difficult to finish the project as targeted. Moreover, the time it takes to complete an activity depends on the number of people allocated to that activity. Resources also have associated costs, and consequently, resource allocation will impact the project’s budget. Similarly, the quality of the resources used during a project affects the quality of the project deliverables. Finally, if the resources being used are new to a project, project risk will be affected. Consequently, it is very important to manage project resources effectively.