Abstract(#br)This paper aims at providing a fast near‐optimum solution to the multi‐mode resource‐constrained project scheduling problems (MRCPSPs), for projects with activities that have known deterministic renewable and nonrenewable resource requirements. The MRCPSP is known to be nondeterministic polynomial‐time hard and has been solved using various exact, heuristic, and meta‐heuristic procedures. In this paper, a modified variable neighborhood search heuristic algorithm is used as an advanced optimization technique that suits scheduling problems. For the experimental study, we have considered a standard set of 3929 multi‐mode benchmark instances from the project scheduling library with a range of projects comprising 10–30 activities. Moreover, for a better comparison, this research... also considers a standard set of 4320 newly developed multi‐mode instances from MMLIB50, MMLIB100, and MMLIB+ datasets. With the limit of 50,000 schedules on these datasets, our proposed algorithm provides better makespan for 106, 34, and 1601 instances, respectively, which justifies the efficiency of the proposed algorithm, particularly for projects with a larger number of activities. The results reported in this paper can be used as a benchmark for other researchers to compare and improve.