What Is a Resource?

Answer the following questions:

1) What is a resource? People, equipment, and material that are used to complete tasks in a project.

2) Why aren't resources assigned to summary tasks? Assigning resources to summary tasks can create unpredictable durations and assignment values.

3) What is the difference between Start, Prorated and End in association with costs? The difference between Start, Prorated and End in association with costs is start: at the start of a project cost incurred like fixed cast prorated: to estimate the cost is adjusted to get the preview of final cost end: total cost incurred at the end of project

4) Give a real-world example of the difference between a fixed cost and a cost per use? ) A real-world example of the difference between a fixed cost and a cost fixed is Fixed Costs are expenses that don't change based on production or sales volumes for example car insurance or rent. Cost per use is a set fee for the use of a resource that can be in place of, or in addition to a variable.

5) Why is a fixed cost entered with the task and not the resource? A resource is equipment it cannot be entered as it, a resource is something that is going to be used over and over again for the project.

6) Why is the resource cost for the Wiring Contractor $0.00? Because the contractor is being paid with a fixed price.

7) Which resource is Over-allocated and why? Systems Administrator and it is over-allocated because it has more work than hours available.