Resource utilization means 'time spent working,' and is thus a measure of time spent productively. In other words, an effective utilization of available time. There are various ways to track this time and different methods and definitions of utilized time.
How do you show resource utilization?
For example, if you're planning a project and want to see its projected resource utilization, use the following formula: planned working hours / available hours = resource utilization. So, if your team has a total capacity of 100 hours and you've booked them for 87, your resource utilization is . 87, or 87%.
What is human resources utilization?
Human resource utilization is the extent to which available human resources are deployed effectively for the maximum achievement of individual, collective, organizational or national goals and objectives.