New Training: Project Resource Management
In this 8-video skill, CBT Nuggets trainer Simona Millham covers the 6 processes in the PMI knowledge area of Project Resource Management. Watch this new Project Management training.
Watch the full course: Certified Associate in Project Management (CAPM)
This training includes:
46 minutes of training
You’ll learn these topics in this skill:
Introducing Resource Management
Resource Management Approaches
Plan Resource Management
Estimate Activity Resources
Why Resource Management is Critical to Effective Project Management
In many ways, resource management is the cornerstone of project management. Project management is the process of leading a team to achieve an objective within a certain timeline and budget. The number of people you have at your disposal, the dollars allocated to the project, and how long until the deadline hits for deliverables are all examples of how project managers exist in a world defined by finite resources.
How well a project manager estimates, acquires, plans, and controls those resources is often the determining factor in whether a project is successful. While resource management is a continual process that occurs at every stage of the project, being able to plan ahead and forecast what resources are needed effectively is where many inexperienced project managers struggle.
It's true that resources are infinitely different: how you manage interpersonal interactions within your team requires a skill set you might not use when working on financial accounting. In many ways, however, resources have a lot of similarities. Being able to identify where those exist and use standardized processes can go a long way toward streamlining your project.