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 Compromising?
Conflicts are a part of project. A project manager must identify the conflicts among the team members and the reasons ...
What is Groupware?
Due to globalization, individuals living in different countries or cities are added to the project team. As communication among the ...
What is Strategic Impact?
Different characteristics are associated with project related risks. A project manager usually identifies the probability of a risk to occur ...
What is Risk Response Implementation?
When potential project risks are identified and their probability of occurrence and impact on the project are determined, responses for ...
What is Inspection?
Inspection involves examining a product to scrutinize, based on its conformance to requirements. The quality standards for the products are ...
What is Problem Solving Meeting?
Communication of project related information can be performed through meeting. Meetings generally involve all the key participants of the project. ...