Project managers find themselves constantly battling “the resource curse”—a scarcity of resources within an abundance of projects. The resource curse is not likely to disappear in today’s lean environment, but scarcity can be used to advantage. Scarcity presents an opportunity for focus, diversified resource utilization, and recognition that project resources can and should be employed more effectively across projects, programs, and the entire organization.
This positive perspective on scarcity is actually supported by a remarkable feature of modern economic growth. It has been found that economies in countries with abundant natural resources have tended to grow less rapidly than natural resource-scarce economies. The most abundant countries had lagging growth compared to those with scarcer natural resources. How could this be? The answer lies not in the exploitation of natural resources in a standardized fashion but in linking and leveraging natural resources in diversified, new ways that foster growth. This very model exists in the economies of human resources skills and capabilities that exist within our organizations.
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