Project Management-Chapter 8 Review Questions Essay Example

Project Management Project Management-Chapter 8 Review Questions Paper Project Management-Chapter 8 Review Questions Paper How does resource scheduling tie to project priority? -resource scheduling is directly tied to the project priority, because of the amount of available resources. The resources available will automatically go towards the project with the highest priority assigned by the organization’s objectives. 2. How does resource scheduling reduce flexibility in managing projects? -Resource scheduling will reduce the flexibility because the scheduling system will reduce slack in increasing the number of critical and near-critical activities. . Present six reasons scheduling resources is an important task. oIt allows the project manager check to see if the resource is adequate and to assess the availability of resource. oIt allows the PM to consider possible alternatives for limited resources oIt allows multiple projects to be worked on at the same time, even if they are utilizing some or all of the same resources needed. oIt allows PM’s to see how much flexibility they have with man aging certain resources. Will help see if the project is assigned a realistic time line oIt will allow the PM to see which resources have priority 4. How can outsourcing project work alleviate the three most common problems associated with multiproject resource scheduling? -Outsourcing is a great way to improve the utilization of limited resources and make sure the project is running smoothly and efficiently and reduce bottlenecks. 5. Explain the risks associated with leveling resources, compressing or crashing projects, and imposed durations or â€Å"catch-up† as the project is being implemented. The risks associated with leveling resources, compressing or crashing projects, and imposed durations are if flexibility is decreased and the risk of project delay is increased. 6. Why is it critical to develop a time- phased baseline? -It is important to develop a time-phased budget because they are critical to having a reliable project schedule. Other systems won’t allow the PM to measure the amount of work completed or manage resources as well.