project management Project management is the process of supervising the work of a Project team, team to achieve all project goals within the given constraints. This information is usually described in project initiation documentation, project documentation, crea ...

, resources are required to carry out the

project A project is a type of assignment, typically involving research or design, that is carefully planned to achieve a specific objective. An alternative view sees a project managerially as a sequence of events: a "set of interrelated tasks to be ...

tasks. These can be people, equipment, facilities,

funding Funding is the act of providing resources to finance a need, program, or project. While this is usually in the form of money, it can also take the form of effort or time from an organization or company. Generally, this word is used when a firm use ...

, or anything else capable of definition (usually other than labour) required for the completion of a project activity. The lack of a resource can therefore be a constraint on the completion of the project activity. Resources may be storable or not storable. Storable resources remain available unless depleted by usage, and may be replenished by project tasks that produce them. Nonstorable resources must be renewed for each time period, even if not used in previous periods. Resource scheduling, availability, and optimisation are considered key to successful project management. Allocation of limited resources is based on the priority given to each of the project activities. Their priorities are calculated using the critical path method and heuristic analysis. For a case with a constraint on the available resources, the objective is to create the most efficient schedule possible - minimising project duration and maximising the use of the resources available.

References

{{DEFAULTSORT:Resource (Project Management) Schedule (project management)

See also

References