9.0 Project Resource Management

Question 1

what is 9.0 project resource management?

Answer 1

• identify, acquire and manage resources needed for successful completion of project
• ensure right resources will be available at right place and time

Question 2

what are the processes of 9.0 project resource management?

Answer 2

9. 1 plan resource management
10. 2 estimate activity resources
11. 3 acquire resources
12. 4 develop team
13. 5 manage team
14. 6 control resources

Question 3

key concept - what should the project manager invest suitable effort into for 9.0 project resources management?

Answer 3

acquiring, managing, motivating and empowering the project team

Question 4

key concept - why is participating of team members during planning beneficial for 9.0 project resources management?

Answer 4

it adds their expertise to the process and strengthens their commitment to the project

Question 5

what are the different aspects that influence the team?

Answer 5

1. environment
2. geographical location of team members
3. communication among stakeholders
4. organization change management
5. internal and external politics
6. cultural issues and organization uniqueness

Question 6

what is physical resource management?

Answer 6

allocating and using physical resources (material, equipment, supplies) needed for successful completion of the project in an efficient and effective way

Question 7

what are some examples of failing to manage/control physical resources?

Answer 7

1. failing to secure critical equipment
2. ordering low-quality material causing low quality or high recall/rework
3. keeping too much inventory resulting in high operational costs
4. unacceptably low inventory level resulting in not satisfying customer demand

Question 8

what are trends and emerging practices for 9.0 project resources management?

Answer 8

1. resource management methods
2. emotional intelligence (EI)
3. self-organizing teams
4. virtual teams/distributed teams

Question 9

what are examples of resource management methods?

Answer 9

1. lean
2. just in time (JIT)
3. kaizen
4. total productive maintenance (TPM)
5. theory of constraints (TOC)

Question 10

what is emotional intelligence (EI)?

Answer 10

• inbound competencies: self-management, self-awareness
• outbound competencies: relationship management
• groups that develop EI are more effective and have less turnover

Question 11

what are self-organizing teams?

Answer 11

• team functions with an absence of centralized control
• project manager provides team with environment and support needed and trusts team to get the job done
• consist of generalized specialists instead of SME’s who continuously adapt to the changing environment and embrace constructive feedback

Question 12

what are the challenges of virtual teams?

Answer 12

1. mainly communication related
2. possible feelings of isolation
3. gaps in sharing knowledge and experience
4. difficulties in tracking progress and productivity
5. possibly time zone / cultural differences

Question 13

what are tailoring consideration for 9.0 project resources management?

Answer 13

1. diversity
2. physical location
3. industry-specific resources
4. acquisition of team members
5. management of team
6. life cycle approaches

Question 14

what are consideration for agile/adaptive environments for 9.0 project resources management?

Answer 14

collaboration is critical to the success of projects with a high degree of variability and rapid changes because