Complete Guide to Resource Planning - PMBOK Guide Seventh Edition

What is Resource Planning?
Resource Planning, as outlined in the PMBOK Guide 7th Edition, refers to the process of identifying, scheduling, and allocating resources (such as manpower, equipment, and materials) required for a project. It's a vital part of project management to ensure a project is completed on time and within budget.
Why is it important?
Resource Planning is critical to success in project management because it aligns with the project's objectives, manages constraints like time and cost, and ultimately, ensures efficient use of resources. It helps to prevent potential resource conflicts, delays, and overspending.
How does Resource Planning work?
Resource Planning typically involves three main steps. First, you must identify what resources are needed for the project. Secondly, you must schedule when these resources will be required. Finally, you must allocate these resources to specific tasks within the project.
Exam Tips: Answering Questions on Resource Planning
When answering questions on Resource Planning, read the question carefully and understand what's being asked. Keenly apply concepts, principles, and knowledge from your PMBOK Guide study. Remember, PMI often wants to test your understanding and application of the process, not just your memory of terminology. Strategically eliminate unrealistic or incorrect answers and then choose the one that applies best with PMBOK Guide principles.