Guide to Resource Prioritization According to PMBOK Guide Seventh Edition
Resource prioritization is a crucial element in project management, aligning with the seventh edition of the PMBOK Guide.
Importance: It is vital because it allows project managers to manage resources efficiently and effectively, by focusing on high-priority tasks first. Without it, there can be waste of resources, and the project may fail to meet its objectives.
Definition: Resource prioritization involves ranking tasks based on their importance and then allocating resources accordingly. The highest-ranked tasks get resources first.
How it works: Resource prioritization usually involves a mix of art and science: art in the sense of understanding the stakeholders' needs and expectations and science in the sense of applying quantitative techniques such as the weighted factor scoring model.
Answering Exam Questions: When answering questions on resource prioritization, always keep in mind the importance of effectively allocating scarce resources to the highest priority tasks. Understand the resource constraints and think critically about the best way to allocate resources.
Exam Tips: 1) Revisit all relevant concepts around resource prioritization.
2) Practice critical thinking skills to prioritize resources in different scenarios.
3) Understand the needs and expectations of all stakeholders.