Lesson 3: Project Resource Management
Listen to this Lesson
Project resource management is the process of acquiring, managing, and utilizing the resources needed to complete a project. It involves identifying the resources that are needed, estimating the cost of these resources, and securing the resources in a timely manner. Effective project resource management is essential for ensuring that the project is completed on time and within budget.
The first step in project resource management is to identify the resources that are needed to complete the project. This may include personnel, materials, and equipment. It is important to accurately estimate the resources that are needed to ensure that the project stays within budget.
Once the resources have been identified, the project manager estimates the cost of these resources. This includes not only the direct costs of the resources, such as the cost of materials and equipment, but also indirect costs, such as the cost of training personnel or the cost of delays due to resource shortages.
The project manager then secures the resources in a timely manner. This may involve purchasing materials, hiring personnel, or leasing equipment. It is important to secure the resources in a timely manner to ensure that the project stays on track.
Once the resources have been acquired, the project manager is responsible for managing these resources effectively. This may involve allocating the resources to specific tasks, tracking the use of the resources, and adjusting the resource allocation as needed to ensure that the project stays on track.
