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Mandeep Kaur, Lovely Professional University Unit 11: Resource Allocation

Unit 11: Resource Allocation Notes

CONTENTS
Objectives
Introduction
11.1 Resource Allocation
11.2 Identifying Resource Requirements

11.3 Scheduling Resources
11.3.1 Resource Scheduling – Example
11.3.2 Computerized Resource Scheduling
11.3.3 Benefits of Resource Scheduling
11.4 Resource Schedule and Cost Schedule
11.4.1 Resource Schedule
11.4.2 Cost Schedule

11.5 Scheduling Sequence
11.6 Summary
11.7 Keywords
11.8 Review Questions
11.9 Further Readings

Objectives

After studying this unit, you will be able to:
 Describe resource requirement

 Explain scheduling resource
 Discuss resource schedule
 Explain cost schedule
Introduction

Up to this point, we have identified the activities in the project and developed a schedule that
meets the expected end date of the project. We have also estimated the resources to be used in the
project and cost of the project. Now, this unit discusses the final step of assigning the resources
according to the schedule developed (by leveling resources) and to determine if you can
accomplish this schedule with the resources available. The impact on the cost of the project is
also considered on the basis of leveled resources.

11.1 Resource Allocation

Effective Resource Management for Team Projects and Goals

Project Insight gives project managers power over the management of resource allocation for
software development, marketing, product development teams and more. Assigning team

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