Project Resource Management (by Process Groups) — PMBOK® Guide, 6th Edition Update
Click here for a detailed analysis of each project management process group and knowledge area.
Acquire Resources 101
What Does Acquire Resources Involve and When Do You Perform It in a Project Life Cycle?
- WHAT Acquire Resources Is. Acquire Resources implies understanding and documenting in detail the scope of the project, to create the project scope statement.
- WHY Acquire Resources Is Important. The precision and completeness of scope definition are crucial to the success of the project. Conversely, an undocumented scope might lead to scope creep or/and gold plating.
- WHEN Acquire Resources Is Executed. The Acquire Resources process selects the final project requirements from the project requirements list generated during the Collect Requirements process. Due to the iterative nature of these two processes, scope and requirements are progressively elaborated in a loop, as more details become known.
- HOW Acquire Resources Operates.
| Inputs | Tools and techniques | Outputs |
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Source: PMBOK® Guide, 6th ed., Chapter 9, section 9.3, p. 328.
Acquire Resources Key Terms
What Are the Key Terms to Fully Understand the Process of Acquiring Resources?
- Organizational Process Assets. Lessons learned from previous projects and formal and informal policies, procedures, plans and guidelines of any and all of the organizations involved in the project whose effects must be considered.
- Project Scope Statement. Providing a basis to determine if changes in project scope lie within or outside project’s boundaries, it contains the following elements:
- project’s deliverables and work required to create them
- common understanding of scope among stakeholders
- explicit scope exclusions.
Acquire Resources Tips
What Are the Best Tips to Answer Correctly the PMP Certification Exam Questions on Acquire Resources Process?
- Iterative Life Cycle. In a project split up into iterations, a detailed scope is developed at the start of every iterative life cycle, not upfront.
Click here for a detailed analysis of each project management process group and knowledge area.
SOURCES: Project Management Institute (2017). A Guide to the Project Management Body of Knowledge (PMBOK® Guide). 6th ed. Newtown Square: Project Management Institute.
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