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.
Apply resource data from a previous similar project to the new project.
Derive resource requirements by analyzing the activity list and work breakdown structure.
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.
Ask Bash
Bash is our AI bot, trained to help you pass your exam. AI Generated Content may display inaccurate information, always double-check anything important.
What is the Work Breakdown Structure (WBS)?
Open an interactive chat with Bash
What are the advantages of using expert judgment in resource estimation?
Open an interactive chat with Bash
How can previous project data assist in resource estimation?
Open an interactive chat with Bash
CAPM
Project Management Fundamentals and Core Concepts
Your Score:
Report Issue
Bash, the Crucial Exams Chat Bot
AI Bot
Loading...
Loading...
Loading...
Project Management Package Join Premium for Full Access