Resource Management Practice Exam

About Resource Management
Resource management is the process of pre-planning, scheduling, and allocating your resources to maximize efficiency. Resource management has become an integral part of any business today. It has emerged as an independent discipline after organizations became complex with matrix structure and expanded in multiple geographies.

A resource is anything that is needed to execute a task or project — this can be the skill sets of employees or the adoption of software. For example, if you’re planning an event, a few resources include scheduling out staff for the event, planning what vendors to use for promotional materials, investing software that allows attendees to register, and budgeting for everything from giveaways to catering.

Why is Resource Management important?
Resource management as part of project management is all about doing more with less. Nobody likes waste, especially in business. Resource management is centered around optimization and efficiency. When you know what you need to make a project successful, you can effectively understand how to plan resources in an efficient way.

Benefits are
•    Avoids unforeseen hiccups: By understanding your resources upfront and planning how to use them, you can troubleshoot gaps or problems before they happen.
•    Prevents burnout: Effective resource management allows you to avoid “over allocation” or “dependency” of resources by gaining insight into your team’s workload.
•    Provides a safety net: Let’s say the project was not successful due to lack of resources (it happens). Resource planning and management establishes that you did everything you could with what you had.
•    Builds transparency: Other teams can gain visibility into your team’s bandwidth, and plan accordingly if your team is at maximum capacity or available to take on new projects.
•    Measures efficiency: With a high-level understanding of what’s needed to manage and execute an upcoming project, you can effectively plan and measure ROI.

Who should take the Resource Management Exam?
•    Project management professionals
•    Entrepreneurs or Innovators
•    Anyone who wants to assess their project management skills
•    Project managers and senior executives
•    Project management consultants
•    Professionals working in outsourced companies responsible for project management
•    Anyone who wants to learn the skills required for project management
•    Individuals who encounters project management within their day-to-day job
•    Students

Knowledge and Skills required for the Resource Management

Critical thinking and good communication skills helps candidate to gain quick success for career in resource management.

Resource Management Practice Exam Objectives
Resource Management exam focuses on assessing your skills and knowledge in concepts and application of Resource Management

Resource Management Practice Exam Pre-requisite

There are no prerequisites for the Resource Management exam.

Resource Management Certification Course Outline
1. Project Planning
1.1 Project Stakeholders
1.2 Developing Project Charter
1.3 Project Scoping
1.4 Project Budgeting
1.5 Project Feasibility
1.6 Estimation Tools and Techniques
1.7 Project Appraisal
1.8 Handling Project Risk

2. Project Scheduling
2.1 Base Lining
2.2 Developing the Project Schedule
2.3 Priority Assignment
2.4 Allocating Project Time
2.5 Scheduling Techniques
2.6 Arrow Diagramming Method
2.7 Forward Pass
2.8 Backward Pass
2.9 Precedence Diagram Method
2.10 Line of Balance (LOB)
2.11 Project Crashing

Exam Format and Information
Certification name – Resource Management Certification
Exam duration – 60 minutes
Exam type - Multiple Choice Questions
Eligibility / pre-requisite - None
Exam language - English
Exam format - Online
Passing score - 25
Exam Fees  - INR 1199