What technique aims to balance resource demand with the available supply in a project?

Resource leveling is a technique used in project management to balance resource demand with the available supply. This method is particularly useful when resources are limited or when there are constraints on their availability. By analyzing the project schedule and resource allocations, resource leveling adjusts the start and finish dates of tasks in order to prevent over-allocation of resources, ensuring that no resource is assigned more work than it can handle at any given time.

In practice, resource leveling can help to smooth out peaks and troughs in resource usage, which contributes to more efficient scheduling and helps to minimize costs associated with resource overuse or idle time. By ensuring a balanced distribution of work, project managers can help maintain project timelines and improve overall project efficiency.

Other techniques mentioned, such as the Critical Path Method, Fast Tracking, and Activity Sequencing, focus on different aspects of project management such as task scheduling, optimizing process durations, and planning sequences of activities, rather than explicitly addressing the balance of resource supply and demand.