Estimate Activity Resources

Question 1

What is the purpose of Estimate Activity Resource?

Answer 1

Process of estimating the type and quantities of material, human resources, equipment, or supplies required to perform each activity.

Question 2

What is Resource Calendar?

Answer 2

A calendar that identifies the working days and shifts on which each specific resource is available. Includes human resource, equipment, etc.

Question 3

What are the tools and techniques in Estimating Activity Resources?

Answer 3

1) Expert Judgment, 2) Alternative Analysis, 3) Published Estimating Date, 4) Bottom-Up Estimating, 5) Project Management Software

Question 4

What is Botton-Up Estimating?

Answer 4

A method of estimating project or cost by adding the estimates of the lower-level components of the WBS. More time consuming but more accurate when estimating.

Question 5

What are the outputs of Estimate Activity Resource?

Answer 5

1) Activity Resource Requirements, 2) Resource Breakdown Structure, 3) Project Updates

Question 6

What is Activity Resource Requirements?

Answer 6

Identifies the types and quantities of resources required for each activity in a work package.

Question 7

What is Resource Breakdown Structure (RBS)?

Answer 7

Hierarchy representation of resources by category and type.

Question 8

What is Alternative Analysis?

Answer 8

A technique used to evaluate identified options in order to select which options or approaches to use to execute and perform the work of the project.

Question 9

What is Published Estimating Data?

Answer 9

Routinely published organizational trade journals or publications.