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 Exception?
The requirements of a project are identified by the customer. These requirements are communicated to potential contractors through request for ...
What is Activity?
In the process of planning a project, the first step is to identify the activities associated with the project. An ...
What is Interactional Leadership?
In order to efficiently perform the assigned tasks and successfully complete the project, project team members need some kind of ...
What is Ability to Handle Stress?
Although a project is planned beforehand, it is likely to get behind schedule due to many unforeseen reasons. In this ...
What is Life Cycle Leadership Model?
Leadership is an important aspect of a project manager's behavior. A project manager must possess excellent leadership skills to motivate ...
What is Informal Project Management?
Projects can be managed either formally or informally. Nowadays, organizations are moving towards informal project management. Informal project management involves ...