• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar

Project Management Knowledge

Simply explained by a PMI-certified Project Manager

  • Home
  • Acronyms and Abbreviations
  • Definitions
  • About the Author
  • Deutsch
  • Show Search
Hide Search
You are here: Home / Definitions / E / Estimate Activity Resources

Estimate Activity Resources

The definition of resources in project management include people, materials, equipment, money, facilities and any fundamental things that are necessary for executing the project. Resources are needed throughout the entire lifecycle of the project. Determining the resource requirements is very important for successful management.

The ability of the project manager to estimate the activity resources is very crucial. Estimate activity resource is the process that estimates the type and amount of resources like equipment, supplies , and human resource  to perform individual tasks for a particular project. One of the benefits of this particular process is that it  identifies the type, quality and characteristics  of the resources that are required to complete a particular activity. Moreover, this will also allow the calculation of costs accurately as well as duration estimates.

It is important for project managers to know that although this particular process is an integral part of developing the time schedule of the project, it is also undertaken in parallel with the estimate costs process which belongs to the cost management process. The premise here is that if you estimate the resources, it also affects the cost process of the project life cycle.

The estimate activity resources create a link between the duration of an activity and the amount of work effort required to complete the work. It is important to take note that the duration of the activity is always equivalent to the work effort. In typical activities, the duration is usually measured in days and the work effort in hours.

For project managers to determine the estimate activity resources,  it is important to look into the activity list,  schedule management plan, resource calendars, risk register, activity cost estimates, organizational process assets and enterprise environmental factors to name a few. Effective estimation of activity resources can lead to the identification of the activity resource requirements and resource breakdown structure. It can also produce updates on the project documents.

This term is defined in the 5th edition of the PMBOK.

Related Articles:

 
  • Activity Cost Estimates  Activity cost estimates refer to the quantitative process of assessing the possible costs to complete different activities involved in a...
  •  
  • Optimistic Duration  Optimistic duration, in project management,  is an estimate of the shortest duration of activity that takes into consideration the known...
  •  
  • Estimate Activity Durations  All project management activities have three unique attributes and these include duration, work effort, and resource.  It is important for...
  •  
  • Acquire Resources  Acquiring resources is the process of securing team members, equipment, materials or other resources required to deliver the project. The...
  •  
  • Control Resources  The Control Resources process relates to the management of resources assigned to the project. This includes physical resources such as...
  • Primary Sidebar

    Dear Visitor, I am a PMP (Project Management Professional), certified by the Project Management Institute since 2004. I have been managing dozens of projects, small and huge, successful and unsuccessful. This site is supposed to help you learn the required vocabulary of the project management world. Please feel free to check my certification status or to learn more about me.

    Copyright © 2021

    • Privacy Policy