Managing Project Resources

Question 1

PM responsibilities in Managing Project Resources

Answer 1

Provide leadership
Manage project team (acquire memebers, train, manage changes)
Acquiring physical resources

Question 2

Tools and Techniques for Resource Management

Answer 2

Data Representation (hierarchical charts, Responsibility Assignment Matrix))
Organizational Theory
Expert Judgement
Meetings

Question 3

Hierarchical chart types for Managing Project Resources

Answer 3

Graphic- top down (org chart)

Text based- detailed descriptions including roles, competencies, qualifications, responsibilities, authority

Question 4

Responsibility Assignment Matrix (RAM)

Answer 4

graphic showing by department

Question 5

Activity Resource Estimates

Answer 5

determine what materials, ppl, facilities are needed.

Consider: types of resources, quantity of each, skill set for each activity, determine who will fill project team

Question 6

Methods to estimate cost

Answer 6

Analogous- look at previous projects
Parametric- historical data and project parameters
Bottom up- component pieces that added.

Bottom up- best when now similar projects, small mistakes at beginning can grow huge, most accurate

Question 7

Tools and Techniques for Estimating Resources

Answer 7

Expert Judgement
Data Analysis (alternatives analysis)
Bottom Up estimating
Parametric Estimates
Analogous estimates
Meetings
PMIS

Question 8

Resource Breakdown Schedule (RBS)

Answer 8

hierarchical diagram, visibly simple
resources into categories
organized resource schedule

Question 9

Tools and Techniques for Controlling Resources

Answer 9

Data Analysis (alternatives analysis, cost benefit analysis, performance reviews, trend analysis)
Problem Solving
Interpersonal and team skills
PMIS