Resource Monitoring and Control Guide

Resource Monitoring and Control is a crucial process according to the PMBOK Guide Seventh Edition. It involves tracking and maintaining resources effectively to ensure project activities are carried out as planned.

Why it is Important: Without proper resource monitoring and control, there is a risk of project activities being delayed, inefficient resource allocation and overrun of costs. It ensures project's resources are used most efficiently, keeps the project on schedule and within budget.

What it is: Resource Monitoring and Control involves ensuring that all physical, human and material resources are optimally utilized, controlled, and monitored for efficiency and effectiveness. It involves processes such as comparing actual to planned resource use, resource leveling and managing changes to resources.

How it Works: It works through a sequence of activities like planning, organizing, scheduling, controlling and reporting, all centered around efficient use and distribution of resources in a project.

Exam Tips: Answering Questions on Resource Monitoring and Control: Understanding the key elements of Resource Monitoring and Control is essential for the exam. Examples of exam questions might include describing the resource leveling process, explaining how resources are allocated or explaining how changes in resource management are controlled. It's important to understand the differences between resource leveling and resource smoothing, as well as the benefits and pitfalls of each. When answering questions, be sure to focus on the efficient use of resources, the role of planning and control, and the importance of adaptability in resource management.