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Uncertainty exists about some key characteristics of

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Uncertainty exists about some key characteristics of a planned event oractivity or decision. Examples of variability risks include: productivity may be above or belowtarget, the number of errors found during testing may be higher or lower than expected, orunseasonal weather conditions may occur during the construction phase.Ambiguity risk.Uncertainty exists about what might happen in the future. Areas of the projectwhere imperfect knowledge might affect theproject’s ability to achieve its objectives include:elements of the requirement or technical solution, future developments in regulatoryframeworks, or inherent systemic complexity in the project.SESSION 8: PROJECT RESOURCE MANAGEMENTProject Resource Management includes the processes to identify, acquire, and manage theresources needed for the successful completion of the project. These processes help ensure thatthe right resources will be available to the project manager and project team at the right timeand place.The Project Resource Management processes are:1. Plan Resource ManagementThe process of defining how to estimate, acquire, manage,and utilize physical and team resources.2. Estimate Activity ResourcesThe process of estimating team resources and the type andquantities of material, equipment, and supplies necessary to perform project work.3. Acquire ResourcesThe process of obtaining team members, facilities, equipment,materials, supplies, and other resources necessary to complete project work.4. Develop TeamThe process of improving competencies, team member interaction, and theoverall team environment to enhance project performance.5. Manage TeamThe process of tracking team member performance, providing feedback,resolving issues, and managing team changes to optimize project performance.6. Control ResourcesThe process of ensuring that the physical resources assigned andallocated to the project are available as planned, as well as monitoring the planned versus actualuse of resources.key concepts for project resource managementThe project team consists of individuals with assigned roles and responsibilities who workcollectively to achieve a shared project goal. The project manager should invest suitable effortin acquiring, managing, motivating, and empowering the project team. Although specific rolesand responsibilities for the project team members are assigned, the involvement of all teammembers in project planning and decision making is beneficial. Participation of team membersduring planning adds their expertise to the process and strengthens their commitment to theproject.
10 |P a g eThe project manager should be both leader and manager of the project team. In addition toproject management activities such as initiating, planning, executing, monitoring andcontrolling, and closing the various project phases, the project manager is responsible for theteam formation as an effective groupThe project manager should be aware of different aspects that influence the team, such as:Team environment,Geographical locations of team members,Communications among stakeholders,Organizational change management,Internal and external politics, uu Cultural issues and organizational uniqueness, andOther factors that may alter project performance.

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