Guide to Resource Calendar per PMBOK Guide 7th Edition

Introduction: The Resource Calendar refers to a schedule documenting the availability, capability, and capacity of the resources that are required for project tasks. It's a significant tool in project management that helps in making efficient utilization of resources.

Importance: A Resource Calendar is vital to project management as it aids in managing the availability of physical and human resources, maintains better cost control of the project, and prevents over-allocation or under-utilization of resources.

Functioning: It indicates when and how long a specific resource, such as a team member or a piece of equipment, is available to work on project activities. In creating a resource calendar, it is necessary to consider elements like working hours, public holidays, vacations, and resource skill sets.

Exam tips: When addressing Resource Calendar questions on a PMP exam, be aware that the Resource Calendar is usually created after the project schedule. Remember, it serves to adjust the project schedule to fit the availability of resources. Also, it is helpful to familiarize yourself with practical examples of how Resource Calendar can be implemented. Particularly understand scenarios of resource over-allocation and strategies to rectify such situations.