BUS 361 : Ch 7 Textbook Notes

• School: Simon Fraser University
• Department: Business Administration
• Course: BUS 361
• Professor: Sussman

Document Summary

What are resources: resources: a source of supplies or support, such as money, people, materials, technology and space. Influence on project schedules, time, cost, quality and risk management. Implications of failures: resources affect both time to complete a project and its cost. To correct error, assign additional resources to task to get back on schedule ( crashing) high costs! Managing resources and the project life cycles: first decide on deliverables of project and activities needed. Then estimate resources needed: can use software to track resource allocation. Duration vs effect: effort: actual time spent working on activity, duration: elapsed time between start and finish of an activity www. notesolution. com. Activity resource estimating: resources can be deployed in the most effective manner. Activity duration estimating: activity duration estimation: the process of estimating the duration of the project activities using both project scope and resource information.