As a project manager initiating a new project, you need to identify the personnel, equipment, and materials required for the project activities. What is the BEST method to accurately determine the number and types of resources needed?
Determine resources according to the budget provided.
Estimate resources based on expert judgment from team members.
Derive resource requirements by analyzing the activity list and work breakdown structure.
Apply resource data from a previous similar project to the new project.
Analyzing the activity list and the work breakdown structure (WBS) allows the project manager to systematically identify all tasks and subtasks, making it possible to determine the specific resources needed for each. This method ensures that all aspects of the project are considered, leading to more accurate resource estimation.
Estimating resources based on expert judgment alone may overlook certain requirements. Determining resources according to the budget provided may not align with actual project needs. Applying resource data from a previous similar project without adjustments ignores the unique aspects of the current project.
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What is a Work Breakdown Structure (WBS)?
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Why is the activity list important for resource estimation?
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How does analyzing previous projects differ from using the WBS for resource estimation?
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Project Management Fundamentals and Core Concepts
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