Guide: Activity Resource Estimation in PMBOK Guide Seventh Edition
The Activity Resource Estimation is a significant concept as per the PMBOK Guide Seventh Edition. This revolves around resource planning and management, specifically looking at time management. This technique holds a crucial spot in project management as it aims at accurately estimating the quantity and type of resources that a particular task needs to be accomplished.
It involves determining the standard of resources and their respective quantities necessary to carry out the project activities. Resources might include people, hardware, software, or other physical resources.
Exam Tips: Answering Questions on Activity Resource Estimation:
1. Always read the question carefully and understand what is being asked.
2. As most questions will be situational, try to visualize the situation and understand the resource requirements.
3. Use your knowledge on dependencies and assumptions to make the best possible decision.
4. Remember, the answer which results in the most efficient and effective utilization of resources is often the correct one.
5. Practice as many questions as possible on this topic to gain mastery.
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Activity Resource Estimation practice test
Activity Resource Estimation is the process of determining the quantities and types of resources, such as human resources, equipment, and materials, required to complete each project activity. This process provides input to project planning, budgeting, and scheduling by helping project managers allocate resources effectively and identifying potential bottlenecks or resource shortages. Resource estimation can be performed using techniques like expert judgment, analogous estimation, and bottom-up estimation. Inputs to this process include Activity Lists, Resource Calendars, Enterprise Environmental Factors, and Organizational Process Assets. With accurate resource estimation, project managers can optimize resource allocation, balance workloads, reduce idle times, and mitigate risks associated with resource availability or costs, leading to efficient and successful project management.
Time: 5 minutes Questions: 5
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Project Management Professional Preparation Package (2024)
- Earn 35 PDUs needed for your PMP certification
- 10107 Superior-grade Project Management Professional practice questions.
- Accelerated Mastery: Deep dive into critical topics to fast-track your mastery.
- Unlock Effortless PMP preparation: 5 full exams.
- 100% Satisfaction Guaranteed: Full refund with no questions if unsatisfied.
- bonus: If you upgrade now you get upgraded access to all courses