Diploma in Project Management: Project Management Plan

corporate diploma in project management: project management planLearn about the Project Management Plan in the Diploma in Project Management qualification.

The schedule management plan is a component part of the project management plan that is used in Activity Resource Estimating.

Activity Resource Estimating: Tools and Techniques

Expert Judgement. Expert judgment is often required to assess the resource-related inputs to this process. Any group or person with specialised knowledge in resource planning and estimating can provide such expertise.

Alternatives Analysis. Many schedule activities have alternative methods of accomplishment. They include using various levels of resource capability or skills, different size or type of machines, different tools (hand versus automated), and make-or-buy decisions regarding the resource.

Published Estimating Data. Several companies routinely publish updated production rates and unit costs of resources for an extensive array of labour trades, material, and equipment for different countries and geographical locations within countries.

Project Management Software. Project management software has the capability to help plan, organise, and manage resource pools and develop resource estimates. Depending upon the sophistication of the software, resource breakdown structures, resource availabilities, and resource rates can be defined, as well as various resource calendars.

Bottom-up Estimating. When a schedule activity cannot be estimated with a reasonable degree of confidence, the work within the schedule activity is decomposed into more detail. The resource needs of each lower, more detailed piece of work are estimated, and these estimates are then aggregated into a total quantity for each of the schedule activity’s resources. Schedule activities may or may not have dependencies between them that can affect the application and use of resources. If there are dependencies, this pattern of resource usage is reflected in the estimated requirements of the schedule activity and is documented.

LMIT’s Diploma in Project Management is Now Endorsed by AIPM – Get Your Diploma of PM and You’ll Also Receive a Certificate from AIPM.

LMIT provides online training courses for the Cert IV Project Management BSB41507, the Certificate IV of Project Management and the Diploma of Project Management BSB51407 in Brisbane, Sydney, Melbourne, Perth, Adelaide and Canberra.

Published by: LMIT

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