Resources Notes: Definitions & Explanations PDF | Download eBooks
Study Resources lecture notes PDF with project management definitions and explanation to study What is Resources?. Study resources explanation with project management terms to review project management course for online MBA programs.
Resources Definitions:
Resources can include people, equipment, machines, tools, facilities, and space.
Successful Project Management by Jack Gido and James P. Clements
Resoources are defined as team members or any physical item needed to complete the project.
A Guide to the Project Management Body of Knowledge by Project Management Institute
Resources Notes:
A resource is something that can be used to get benefit from. It is a source of utility. Resources can be broadly classified as renewable resource and non-renewable resources. Non-renewable resources, once used, cannot be used again e.g. oil, wood etc. Renewable resources can be used again and again e.g. wind, solar energy etc. In a project, common resources that can be used are material, labor, equipment etc. A resource acts as an asset that are used to provide benefit and can be consumed during the process. Some resources can be physical which are called tangible resources e.g. equipment while others can be non-physical which are called intangible resources e.g. any type of intellectual property.
Keep Learning with Project Management Notes
What is Fast Tracking?
In order to cope up with the uncertainties in the project, the project schedule is changed or adjusted. This change ...
What is Actual Cost?
It is important to monitor if the actual work performed is according to the plan. In addition, the actual and ...
What is Milestone List?
Milestones are basically specific points in a project which are to be achieved to successfully complete a project. Milestone is ...
What is Finish to Finish?
When the project's schedule is to be developed, relationship between the project activities are established first. These relationships are logical ...
What is Cost Reimbursement Contract?
To carry out a project, a customer and contractor makes a contract for that specific project. Different types of contracts ...
What is Quality Assurance?
The traditional concept of project management was to provide require deliverables to the customer. The new concept integrates project management ...
