Module 5 -Resource and Budget Planning

Key Takeaways

Key Takeaways

 

  • The schedule can only ever be as good as the resources assigned to perform the tasks.
  • With each schedule developed remember to optimise the four project variables (or constraints).
  • Explore the early/late start and finish times.
  • Select your resources based on a number of project-specific criteria.
  • Consider identifying ‘backfill’ resources – just in case.
  • Involve the stakeholders in the budgeting process.
  • Don’t forget to communicate (and sign off on) the financial aspects of the project.
  • Budgets are only as good as the estimates they are based on.
  • Always state your underlying assumptions.
  • Communicate the crash cost before you agree on the new timeline.
  • Always baseline the schedule and track against it.
  • Remember, many project resources are inherited from the available pool (which is different to handpicking the resources).
  • Don’t become paranoid with levelling as it may be simply not possible in some projects.
  • You cannot complete any task or project without resources.
  • While your project may start with a task focus, its success will be resource-driven.

License

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Project Management: A Strategic Approach by Carmen Reaiche is licensed under a Creative Commons Attribution 4.0 International License, except where otherwise noted.