Study Guide To Pmp 7ed Resources Management

DOMAIN II PROCESS50% (1.0) A resource is a necessary asset whose main role is to help carry out a certain task or project. A resource can be a person, team, tool, finances, and time. (Projects require many different resources to be completed) Resources should be assessed and allocated before a project begins. Poor resource planning can result in running out of resources midway through a project or delaying deadlines in delivering the final product or service. Value and empower internal human resources, yet and leverage external sources to ensure you have the best team and equipment possible! (1.1) itis the process for defining how to estimate, acquire, manage, and utilize physical and team resources. The key artifact resulting from this process is the resource management plan Primary value of this process is establishing approach and management effort level needed for managing project resources based on type and complexity of project If project needs physical resources, it is important to determine if per-forming org. uses specific resource management methods to manage critical resources such as: Kaizen, total productive maintenance (TPM), lean management, just-in-time (JIT) manufacturing, and theory of constraints (TOC). You need to under-stand methods and incorporate them into your resource