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OBJECTIVES
After this presentation you will be able to: Understand what resources are, and the types of resources that are typically available Appreciate the importance of managing project resources, and their effect on the project duration Apply project resource management tools and techniques for managing project time.
Types of Resources
There are two primary types of resources used in information system projects namely: Human Resources Capital Resources
Human Resources
Human resources :is personnel pool available to an organization. The most important resources in any organization its human resources. Appropriate human resources assure an organization that the right number and kind of people are available at the right time and place so that organizational needs can be met.
Note: You can find more information about Human resources on our page!!
Capital Resources
Capital Resources can be defined as the tools and infrastructure used to produce other goods and services. While the range of assets that can be considered to be a capital resource is very broad, it is important to note that not all assets are capital resources. There are a few basic qualifications that govern what assets can properly be referred to as a capital resource.
Capital Resources(cont.)
One of the basic criteria for an asset to be considered a capital resource relates to the long-term use of the asset in the production of goods and services. In general a capital resource will be anticipated to aid in the creation of products for an extended period of time.
Managing Resources
Efficient and effective use of resources can often make or break a project. Because resources are limited some hard to be obtain ,expensive or both. The allocation of resources can have a major influence on project schedules. For ex: limited programmers effects time, cost , quality , risk management.
Implications of Failure
To correct a delay error, project manager can assign aditional resources to the task to get back on schedule this is known as crashing, but even this helps cost too much sometimes. When planning a project , managers first decide on the deliverables of the project and the activities needed to produce them.
Implications of Failure(cont.)
The next step is to estimate resources needed. Combination of resource needs and availability helps to determine the time needed for entire project. It should be considered during the initiation, planning, execution, and closeout phases of a project.
Duration vs Effort
Effort is the actual time spend on working on an activity.
Reserve Analysis
Reserve analysis technique used to establish contingency reserves during a project to guard against potential risk.
Schedule development:
Schedule development : is an iterative process designed to determine start and finish dates for project activities. During the process of schedule development activity duration estimates combination with the activity sequences are used to establish the final project schedule.
Risk Register
Risk register specifies how control measures will be implemented to identify potential risks to project schedule. For example ,if the risk is high that a new mainframe computer will not be installed on time.
Schedule Compression
Schedule compression: in schedule compression use mathematical techniques to shorten project`s duration These techniques are known as Crashing: dedicated extra resources to particular activity. Fast-tracking: This looks at possibility of performing activities.
What-if Analyses
What-if analyses: This method is a process of evaluating alternative strategies by observing how changes to selected factors affect other factors so take advantage of logic network by scenarios.
Schedule Control
The last process within the Project Time Management knowledge area is schedule control. In schedule control, the process of putting rules in place for controlling changes to the project schedules and schedule control process include updates to the schedule model data, schedule baseline , the activity list or project management plan.
Conclusion
We have discussed the fundamentals, characteristics challenges, related to allocating resources, estimating activity, and project durations and developing the schedule with start and end dates. In addition, we also identified types of resources and how they influence the estimation of task durations