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As we are well into the final two months of the year, leaders have a prime opportunity to reassess, realign, and reinvigorate organizational goals to meet 2024 objectives. One practical way to support this effort is by ensuring that resources—both financial and talent—are allocated effectively to the most critical areas. My one-page worksheet assists managers and leaders in evaluating key factors for resource deployment by enabling them to 1) list ongoing projects or initiatives, 2) prioritize these based on stakeholder value and alignment with objectives, 3) indicate project status (e.g., on track, behind, ahead, completed, on hold), 4) note the percentage of the project’s budget already used (e.g., $25,000 of a $100,000 budget represents 25% utilization), and 5) track talent utilization for each project (e.g., if 3 of 4 team members allocated to the project are actively working on it, this equates to 75% utilization). With this information, leaders can make informed decisions to shift resources and optimize performance in the year’s final stretch. While this worksheet isn’t sophisticated, it can spark meaningful conversations that drive decisions with a tangible impact on performance results.
