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The Estimate Activity Resources process aims to determine the type and quantity of resources required to complete project activities. This includes identifying necessary personnel, equipment, materials, and any other resources needed to achieve project goals. By accurately estimating resources, project managers can ensure effective resource allocation, optimize costs, and enhance scheduling accuracy. Ultimately, this process contributes to better project planning and execution.
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What are the examples of human resource planning objectives?
Accurately estimate own resource project load for input to the resourcing process.
What are the Tools and Techniques for Activity Resource Estimating?
The tools & techniques that can be used for activity resource estimation are: • Alternative analysis - Alternative analysis is all about exploring alternative solutions to a problem. In the case of estimating resource requirements, you will need to consider alternatives available for resources needed for some schedule activities. For example, you might need to decide whether you want to buy or develop a tool needed to perform an activity, what types of machines (for example, Windows or Linux) to use, which computers to use to do the development, or what level of skills is needed etc. • Bottom-up estimating - You might discover that it is rather complex to estimate resources for a given schedule activity. If the problem is inherent to the activity, it might be helpful in certain cases to decompose the activity into smaller components for the purpose of resource estimating and, then estimate the resource for each component, and then aggregate the resources to get an estimate for the whole activity. In aggregation, you must consider the possible relationships (overlaps and other dependencies) among different components of the activity so you don't double-count the resources or consider a seamless summation of the smaller component estimates. • Expert judgment - Expert judgment can be used to assess the input and determine the output of the resource estimating process. • Published estimating data - Information published by various vendors, such as costs for resources, can also be useful in estimating the resources. • Project management software - Depending upon the sophistication of the resource requirements and the capabilities of the available features, project management software might be useful in estimating and managing the resources. It can also be used to create resource breakdown structures. You can use a combination of these tools and techniques to generate the output of the resource estimating process. But, at the end of the day, it is the project manager and his capabilities that determine how accurately the resource estimation happens.
What is a cultivated resource?
A cultivated resource is a natural resource that has been deliberately grown, nurtured, or developed for human use. Examples include crops, aquaculture species, and forestry plantations. The cultivation process involves human intervention to increase the availability and quality of the resource for various purposes.
What are the steps you would take to estimate all resources needed to complete a work package in a work breakdown structure?
The tools & techniques that can be used for activity resource estimation are: • Alternative analysis - Alternative analysis is all about exploring alternative solutions to a problem. In the case of estimating resource requirements, you will need to consider alternatives available for resources needed for some schedule activities. For example, you might need to decide whether you want to buy or develop a tool needed to perform an activity, what types of machines (for example, Windows or Linux) to use, which computers to use to do the development, or what level of skills is needed etc. • Bottom-up estimating - You might discover that it is rather complex to estimate resources for a given schedule activity. If the problem is inherent to the activity, it might be helpful in certain cases to decompose the activity into smaller components for the purpose of resource estimating and, then estimate the resource for each component, and then aggregate the resources to get an estimate for the whole activity. In aggregation, you must consider the possible relationships (overlaps and other dependencies) among different components of the activity so you don't double-count the resources or consider a seamless summation of the smaller component estimates. • Expert judgment - Expert judgment can be used to assess the input and determine the output of the resource estimating process. • Published estimating data - Information published by various vendors, such as costs for resources, can also be useful in estimating the resources. • Project management software - Depending upon the sophistication of the resource requirements and the capabilities of the available features, project management software might be useful in estimating and managing the resources. It can also be used to create resource breakdown structures.
The two stages of allocation process in activity based costing?
In activity-based costing (ABC), the allocation process consists of two main stages: resource allocation and activity allocation. In the first stage, costs are assigned to specific activities based on resource consumption, determining how much each activity costs. In the second stage, these activity costs are then allocated to products or services based on their usage of the activities, allowing for a more accurate reflection of costs associated with each product or service. This method enhances decision-making by providing detailed insights into cost drivers and profitability.
What is resource recovery the process?
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Which items exemplify outputs of the estimate activity durations process?
Outputs of the estimate activity durations process typically include duration estimates for each activity, which provide an approximation of how long each task will take to complete. Additionally, these outputs may include a basis of estimates, detailing the rationale behind the duration estimates, and any updates to the project schedule. Other outputs can include a list of assumptions and constraints that may impact the duration estimates.
Which process categorizes resource pools based on performance and capacity?
Resource distribution
What is a cotermonous activity?
A coterminous activity refers to an event or process that coincides with another event or process in time or scope. In organizational contexts, it often describes activities that occur simultaneously or share the same boundaries, such as overlapping projects or programs. This can facilitate resource sharing and enhance efficiency but may also lead to challenges in coordination and clarity of goals.
What is an activity of the Asset Accounting sub-process?
Which of the following is an activity of the Asset Accounting sub-process
What is an activity of the asset accounting sub process?
Which of the following is an activity of the Asset Accounting sub-process
The resource management planning process includes the following steps?
Maintain resource inventory
