What Are Some Best Practices For Project Resource Management?

What are the resources needed for a project?

To make sure you’ll never experience the horror stories that I have, here is a comprehensive list of project resources.Labor.Tools.Equipment.Materials.

Steel.

Concrete.

Wood.

Plastic.

Brick.

Cloth.

Gravel.

Chemicals.Supplies.Software.Database.Cell phone.More items…•.

What are the 10 knowledge areas of project management?

These are the 10 Project Management knowledge areas:Project Integration Management.Project Scope Management.Project Schedule Management.Project Cost Management.Project Quality Management.Project Resource Management.Project Communications Management.Project Risk Management.More items…•

What is the meaning of best practices?

A best practice is a method or technique that has been generally accepted as superior to any alternatives because it produces results that are superior to those achieved by other means or because it has become a standard way of doing things, e.g., a standard way of complying with legal or ethical requirements.

How do you determine resources required for a project?

5 Tips for Identifying Project ResourcesTip #1: Know what work is required. Make sure that you have a clear brief before the project starts. … Tip #2: Plan in advance. It’s better to plan your resource needs in advance. … Tip #3: Confirm resource availability. … Tip #4: Check their skills. … Tip #5: Remember to book equipment.

What is resource management skills?

Skills — Resource Management Skills Management of Material Resources — Obtaining and seeing to the appropriate use of equipment, facilities, and materials needed to do certain work. Management of Personnel Resources — Motivating, developing, and directing people as they work, identifying the best people for the job.

What is effective management of resources?

In organizational studies, resource management is the efficient and effective development of an organization’s resources when they are needed. Such resources may include the financial resources, inventory, human skills, production resources, or information technology (IT) and natural resources.

How do you manage resources in a project?

Here are the 6 secrets of good project resource management.Resource estimation. Estimating the requirement of internal and external resources is one of the first steps in project resource management. … Collection of data. … Resource plan. … Schedule development. … Checking for resource over allocation. … Negotiating for resources.

What are the types of resource management?

The following are common types of resource management.Human Resources. … Natural Resource Management. … Project Resource Management. … Financial Management. … Infrastructure Management. … Facility Management. … Enterprise Asset Management. … Public Asset Management.More items…•

What are the three pillars of project management?

The project management “triangle” of scope, time, and cost has been informing projects ever since the first team member was hired to accomplish a job. In the basic setup of a triple constraint, one of three elements (or possibly more) can constrain a project. The elements are budget/cost, time/schedule, and scope.

What are the 9 knowledge areas of project management?

PMBoK Knowledge Areas: 9 Must Know Aspects Related to PMProject Integration Management. … Project Scope Management. … Project Time Management. … Project Cost Management. … Project Quality Management. … Project Human Resource Management. … Project Communication Management. … Project Risk Management.More items…•

What are the 5 types of resources?

Natural ResourcesBiotic & Abiotic. Any life form that lives within nature is a Biotic Resource, like humans, animals, plants, etc. … Renewable & Non-renewable. Renewable resources are almost all elements of nature which can renew themselves. … Potential, Developed, and Stock Resources.

What is best practices in project management?

1. Communicate with all project stakeholders. From the first day you kick the project off you need to be communicating the goals and objectives. Not to just a select few, but to all the project stakeholders. This includes key people like team members, managers, project sponsors, clients, and valued users.

What are the 5 stages of project management?

Developed by the Project Management Institute (PMI), the five phases of project management include conception and initiation, planning, execution, performance/monitoring, and project close.

What are the 4 types of resources?

The factors of production are resources that are the building blocks of the economy; they are what people use to produce goods and services. Economists divide the factors of production into four categories: land, labor, capital, and entrepreneurship.

What are the 3 different types of resources?

In general, there are three types of resources or sources of information: primary, secondary, and tertiary.

What is project life cycle with example?

The Project Life Cycle consists of four main phases through which the Project Manager and his team try to achieve the objectives that the project itself sets. The four phases that mark the life of the project are: conception / start, planning, execution / implementation and closure.

What are the 5 management functions?

At the most fundamental level, management is a discipline that consists of a set of five general functions: planning, organizing, staffing, leading and controlling. These five functions are part of a body of practices and theories on how to be a successful manager.

What are the principles of resource management?

5 Key Principles to Resource ManagementResources are people, too. Resource management is typically discussed with charts and graphs, using terms like Resource Assignment Matrices (RAMs) and optimal utilization. … Visibility is key. … Collaboration increases productivity. … Transparency fosters trust. … Don’t forget to show the love.