Resource managment

Question 1

What is Resource Management in project management?

Answer 1

It involves planning, estimating, acquiring, and managing resources—including human and physical—needed to successfully complete a project.

Question 2

What are the key components of resource management?

Answer 2

1. Planning and acquiring resources 2. Developing and managing people 3. Controlling physical resources

Question 3

What are the responsibilities of a project manager in resource management?

Answer 3

Improving team competencies, confirming resource availability, tracking performance, assigning formal roles, and organizing team-building activities.

Question 4

What are the components of a project team?

Answer 4

1. Project Manager 2. Project Management Team 3. Other Team Members

Question 5

What does the resource management process involve?

Answer 5

1. Identification of team members 2. Defining roles and responsibilities 3. Creation of reward systems 4. Improving team members’ performance 5. Tracking team and individual performances 6. Identifying and utilizing physical resources effectively

Question 6

Why is team building important in resource management?

Answer 6

Because it helps improve collaboration, communication, and performance among team members, leading to better project outcomes.

Question 7

How do human resource responsibilities change with team size?

Answer 7

They increase as the project team grows, requiring more coordination, communication, and performance tracking.