PMP Certification Training - Estimate Activity Resources

The video tutorial explains the process of estimating activity resources in project management. It covers the inputs, tools, techniques, and outputs involved in determining the type, quantity, and characteristics of resources needed for a project. The tutorial highlights the importance of resource management plans, scope baselines, and project documents. It also discusses various estimation methods like parametric and alternative analysis, and the significance of resource breakdown structures.

What is the primary benefit of the process of estimating activity resources?

• It defines the project timeline.

• It determines the project budget.

• It helps in identifying the project stakeholders.

• It identifies the type, quantity, and characteristics of resources needed.

Which document defines the approach to identify and quantify resources needed for a project?

• Risk Register

• Resource Management Plan

• Scope Baseline

• Activity List

What role does the assumption log play in resource estimation?

• It outlines the project budget.

• It defines the project scope.

• It provides information on productivity factors and resource availability.

• It lists all project activities.

Which estimating technique uses historical data and project parameters to calculate resource quantities?

• Bottom-Up Estimating

• Analogous Estimating

• Parametric Estimating

• Expert Judgment

What is the purpose of a resource breakdown structure?

• To list all project stakeholders

• To organize resources by category and type

• To determine the project budget

• To define the project timeline

Which of the following is NOT considered a resource in the resource breakdown structure?

• Money

• Equipment

• Material

• Personnel

What is an example of a project document that may be updated as a result of carrying out the resource estimation process?

• Project Charter

• Activity Attributes

• Project Budget

• Stakeholder Register