Your discussion post should be at least 500 words. Please be thorough and comprehensive in your response to this topical question.
Use a MINIMUM OF 3 AUTHORITATIVE RESOURCES ON YOUR REFERENCES LIST (one of which will be the textbook). USE PARENTHETICAL CITATIONS THROUGHOUT YOUR POST at the point at which you use materials (quoted or paraphrased) from your sources. Label your list of resources as the “References” list.
The proper Reference for the textbook for your References list:
Larson, E. W., & Gray, C. F. (2021). Project management: the managerial process. McGraw-Hill Education.
The correct parenthetical citation is: (Larson & Gray, 2021) for paraphrased materials or (Larson & Gray, 2021, p. 123) for a direct quote from a specific page.
Main resource:
Most of the scheduling methods available today require the project manager to classify the project as either time constrained or resource constrained. Project managers need to consult their priority matrix (see Figure 4.2) to determine which case fits their project. One simple test is to ask, “If the critical path is delayed, will resources be added to get back on schedule?” If the answer is yes, assume the project is time constrained; if no, assume the project is resource constrained.
A time-constrained project is one that must be completed by an imposed date. If required, resources can be added to ensure the project is completed by a specific date. Although time is the critical factor, resource usage should be no more than is necessary and sufficient.
A resource-constrained project is one that assumes the level of resources available cannot be exceeded. If the resources are inadequate, it will be acceptable to delay the project, but as little as possible.
In scheduling terms, time constrained means time (project duration) is fixed and resources are flexible, while resource constrained means resources are fixed and time is flexible. Methods for scheduling these projects are presented in the next section.