Estimating Cost and Allocating Resources

After further research this week I have discovered several resources that are useful for cost estimation and resource allocation. These are both pertinent task that need to be completed early on in any project. 

The importance of resource allocation is described in an article that outlines important steps of project management.  Cost estimates are just as important as resources, because particular resources often come with a specified price. A project manager must identify resources and allocate the resources appropriately throughout the duration of the project. 

"Although the estimate activity resources forms part of developing the project time schedule, this process is normally undertaken in parallel with the process ‘estimate costs’ (which is a process within the cost management process group)." ( PM-Primer)

Resource Links:
http://project-management.com/importance-of-resource-allocation-and-time-management-in-project-management/
http://www.pm-primer.com/estimate-activity-resources/

http://doit.maryland.gov/SDLC/Documents/Cost_Estimating.pdf