Resources in Project management
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Abstract
Resources are an important aspect of everyday life. Resources are what you have available to complete a task and get an output. In a project management perspective, resources can be anything from time, money, people, facilities and equipment. Proper resource management is important in this matter, as it must ensure that people are not overloaded with work, and that time is effectively utilized, as well as the final budget must be within or under budget. Often in resource planning, the challenge is to find a baseline and complete the projects on time and to budget. Statistics however shows that one in every three project have no baseline[1] and less than one-third of projects are completed on time and on budget[2]. These are just a few examples of how difficult resource management planning can be.
To make sure the right resources are available for the project managers and project team at the right time there has been developed Project Resource Management processes/tools[3], to identify, acquire and manage the resources for a successful completed project. The Processes are:
- Plan Resource Management
- Estimating Activity Resources
- Aquire Resources
- Develop Team
- Manage Team
- Control Resources
In this article the focus will be on Plan Resource Management and Estimating Activity Resources.
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