Resource management planning

The first thing you probably think of when you hear the word "resources" is the human side of project management, and, mostly, you would be correct. However, resources also refers to equipment and materials. All three resource types need to be estimated, scheduled, and paid for; in fact, estimating resources is very tightly integrated with costs and budgeting. It makes sense that people, equipment, and materials cost money. Some of these can be considered soft costs, meaning that your organization is probably already paying people their hourly rate or their monthly salary through the organizational payroll. Therefore, those costs would not be considered part of your budget.

Additionally, materials and equipment could unilaterally be a part of your organizational processes via a procurement department or through the everyday needs of the organization to run the business effectively. For your exam, you need to consider your budgetary costs for...