Project Resourse Management

1756 Words4 Pages
bulb-icon

Recommended: Short note on project risk analysis

Project Resource Management

Every project manager is faced with the problem of how to estimate what it will take to accomplish the project's objectives. Estimating the time, cost, and resource is never simple, and the higher the stakes become, the more anxiety the estimate is. In order for the project planning, scheduling and controlling are to be effective; project manager must employ the methodology to accurately estimate time, cost and resources (Gray, 2005). One of the tools that help project managers to lie out the requirement tasks for a project is to construct a Work Breakdown Structure (WBS). WBS defines tasks that can be completed, facilitating resource allocation, and assigning responsibilities. This paper will outline the WBS and the time-phased budget for the Care+ project, which will be implemented for The Managed Care Department of the hospital. Based on the outlined WBS, this paper discusses the data sets used by Learning Team A to determine the budget, the factors that could influence the estimate, and the micro approach the team takes to estimate the budget. Finally, this paper also identifies and prioritizes major constraints that are associated with this project.

Work Breakdown Structure

In order to assure that all products and work elements are identified, the following Work Breakdown Structure (WBS) of the Care+ Project outlines the project with different levels of detail (Gray, 2005). The WBS assumes that the average salary for IT personnel including operator, programmer, analyst, and managers is $91/hour.

Show More
Related

  • Global Project Management Case Study

    1473 Words  | 3 Pages

    There are many similarities and differences between domestic and global project management. A project manager must realize that what might work in their country may not work in a foreign environment. Project managers might find themselves using practices that have worked for them in the past, without even thinking of the new environment, and issues may arise. Project managers need to understand the differences in a different country's environment to avoid and reduce any obstacles that there may be. Some considerations global project managers must consider are the legal, political, security, geographical, economic infrastructure, and culture implications of working with different countries (Gray, 2006).

    Read More

  • Time-Phased Project Work And Project Cost Control

    1876 Words  | 4 Pages

    Time-phased project work is the basis for project cost control. Work package duration is used to develop the project network. Further, the time-phased budgets for work packages are timetabled to establish fiscal measures for each phase throughout the project. The time-phased budgets are to emulate the real cash needs of the budget, which will be used for project cost control. This information is useful to estimate cash outflows. The project manager's attention is on when the costs are to occur, when the budgeted cost is earned, and when the actual cost materializes. This information is made up to measure project schedule and cost variances (Gray & Larson, 2005). The following are typical types of costs found in a project:

    Read More

  • Essay On Project Scope

    1729 Words  | 4 Pages

    A work Breakdown Structure may be used to define the projects deliverables. This divides the overall project into smaller work packages, which can be easier to allocate costs and estimated timeframes for delivery against.

    Read More

  • Project Management Case Study

    821 Words  | 2 Pages

    The projects in today’s world are given a lot of importance and it will continue to grow in the coming years. There are a lot of companies which do not have production, but all of them do have projects. There are a lot of books which have been published on which related to planning and managing the projects. The one of the most important one was published by the author Eli Goldratt in his book ‘Critical chain’. This book basically talks and shows how the application of theory of constraints in the field of project management. The novel is basically based on one of the MBA classes in America where a number of ideas are developed in discussions among the students and the lecturers. The lecturer is basically fighting for a tenure with the president of the university who expects a downturn in the executive MBA. The lecturer who teaches project management has a word with one the senior colleagues and project management was the right topic to teach. There were three students who were placed in the project management team of their company which manufactures electronic products. The students are enrolled in this MBA class along with other students, here they discover a new approach to project management which is known as the

    Read More

  • Domestic and Global Project Management

    1503 Words  | 4 Pages

    There are many similarities and differences between domestic and global project management. A project manager must realize that what might work in their country may not work in a foreign environment. Project managers might find themselves using practices that have worked for them in the past, without even thinking of the new environment, and issues may arise. Project managers need to understand the differences in a different country's environment to avoid and reduce any obstacles that there may be. Some considerations global project managers must consider are the legal, political, security, geographical, economic infrastructure, and culture implications of working with different countries (Gray, 2006).

    Read More

  • Cost Estimating

    1518 Words  | 4 Pages

    Project managers must take cost estimates seriously if they want to complete software projects within budget constraints. After developing a good resource requirements list, project managers and their software development teams must develop several estimates of the costs for these resources. There are several different tools and techniques available for accomplishing good cost estimation.

    Read More

  • Work Breakdown Structure Case Study

    817 Words  | 2 Pages

    Kent Beck, the project leader will find using the WBS to make complex projects more manageable as it is designed to help break down projects into manageable chunks that can be effectively estimated and supervised. By creating a WBS include several benefits. For example it can help assist with accurate project company, helps with assigning responsibilities, shows the control points, project milestones, and allows for more accurate estimation of the triple constraint (cost, risk, and time) therefore helping to explain the project scope to stakeholders.

    Read More

  • Enterprise Project Management

    386 Words  | 1 Pages

    One function the project office can provide is assistance with resource availability for the project managers and project teams. As resource requirements and assignments are submitted to the project office, that information can be entered into an enterprise project database. This gives the project office the ability to not only track resource allocations for a single project but also determine the assignments and constraints of resources throughout the organization. Without this big picture, project impacts caused by resource constraints are difficult to determine.

    Read More

  • Executive Summary: The Budget Process

    778 Words  | 2 Pages

    When making a budget for a project, we would build in an extra 10% to ensure it covers any unforeseen event. Then in processing the project, any cost must be accounted clearly. Every team member should be informed of the current usage of all resources. Then the listed usage should be accessible to everyone at any time. The project manager should also keep forecasting the cost as the project processing.

    Read More

  • Project Management Case Study

    834 Words  | 2 Pages

    The topic of my group (group 4) was “How to totally float through your project for free” and the presentation was held by Roger Goodman who works for PMI NZ and Ernst & Young supply chain management with many years of working experience in many different countries such as Saudi Arabia and China.

    Read More

  • Project Management for Information Systems

    3601 Words  | 8 Pages

    - Rockart, J.F., 1979, "Chief executives define their own data needs", Harvard Business Review, 57, 2, 81-93.

    Read More

  • Project Management Issues in Construction Sites Environment

    3128 Words  | 7 Pages

    The main purpose of this research is to investigate project management issues in construction sites environment, to recognize which issues are more vital for overall success of any construction project or vice versa and to suggest recommendations for improvement of the performance of all the parties involved in the construction projects. The study is mainly focused on Pakistan, a developing country in South Asia and the research seems to be focused on construction projects management, however, it can be helpful for other sectors of project management as well. The paper results in valuable lessons for both researchers and practitioners in the field of project management to improve their performance. The overall results of the study revealed that most of the issues can be considered as managerial issues. Excessive change orders, cost escalation, severe overtime, inclement weather, material shortage and slow government permits were rated as having very high occurrence. It can be explained that large construction projects are being poorly managed in Pakistan. Effective construction management at corporate, process, project, and activity levels should be introduced to professionals to enhance construction industry performance in the country.

    Read More

  • What Is The Importance Of Project Management

    781 Words  | 2 Pages

    When planning a new project, how the project will be managed is one of the most important factors. The importance of a managers will determine the success of the project. The success of the project will be determined by how well it is managed. Project management is referred to as the discipline that entails the processes of carefully planning, organizing, controlling, and motivating the organization resources so as to foster and facilitate the achievement of specific established and desired goals and meet the specific criteria of success required in the organization (Larson, 2014). Over the course of this paper I will be discussing and analyzing the importance of project management.

    Read More

  • Reflection Paper On Project Management

    1545 Words  | 4 Pages

    Project management involves all activities that encompass scheduling, planning, and controlling projects. A successful project manager ensure that an organization’s resources are being used both efficiently and effectively. Most projects need to be uniquely developed require a sense of customization and the ability to adapt to any posed challenges. The scope of effective project management includes defining what the project is and what is being expected to be accomplished. Projects are imposed to fulfill a certain need and project managers must have the ability to create the proper definition. Goals and the means used to attain those goals have to be clearly stated. Project Managers must also have the ability to plan

    Read More

  • Importance Of Resource Leveling In Project Management

    869 Words  | 2 Pages

    Introduction Resource leveling is a procedure in project management that manages resource allocation and solves conflicts arising from over-allocation. When a project manager starts a project, they need to plan their resources accordingly. This will benefit the organization from facing conflicts and will be able to deliver on time. Resource leveling is known as one of the key elements to the management of resources in the organization. Problems in the organization arise when the resources are not allocated properly.

    Read More

More about Project Resourse Management

Open Document