Resource Management (and Benefits Of Re-estimating

Question 1

What is the benefit of re-estimating in project management?

Answer 1

Increases likelihood of achieving deliverables

Re-estimating can help in adjusting project plans to better align with actual progress and resource availability.

Question 2

What is one of the main constraints in resource management?

Answer 2

Human resources

Human resources are often the most variable and critical factor in project execution.

Question 3

What does resource leveling aim to minimize?

Answer 3

The effect of resource constraints on estimating

Resource leveling helps in optimizing resource allocation to avoid overloads and underutilization.

Question 4

What are the types of resources mentioned?

Answer 4

• Human
• Financial
• Materials

Different types of resources are essential for project execution and require careful management.

Question 5

True or False: Resource smoothing allows for a constant use of resources.

Answer 5

True

Resource smoothing focuses on adjusting the project schedule to ensure resources are used consistently.

Question 6

Fill in the blank: Resource _______ allows for flexibility in managing project timelines.

Answer 6

leveling

Resource leveling is crucial for adapting to changes in project scope or resource availability.

Question 7

Who is responsible for ensuring that project resources hit deadlines?

Answer 7

Project Manager

The Project Manager plays a critical role in managing team responsibilities and resource allocation.

Question 8

What does the acronym OBS stand for in project management?

Answer 8

Organizational Breakdown Structure

The OBS is used to define the responsibilities of team members within a project.

Question 9

What is a key aspect of project governance?

Answer 9

Ensuring alignment between project objectives and organizational goals

Governance structures help maintain oversight and accountability throughout the project lifecycle.

Question 10

What can be a consequence of not determining project resource needs?

Answer 10

Increased costs and delays

Failing to accurately assess resource requirements can lead to project overruns and missed deadlines.

Question 11

What is one approach to managing project resources effectively?

Answer 11

Utilizing external resources when necessary

External resources can provide additional support and expertise to complete project tasks.

Question 12

Fill in the blank: The _______ path is crucial for determining project timelines.

Answer 12

critical

The critical path method helps identify the longest sequence of dependent tasks and is essential for scheduling.