06 Jul Concept 1) The typical resource managed in most projects is

Concept 1) The typical resource managed in most projects is people’s time. Additional resources that may need to be considered are: Machine time/capacity – Does the project require time on a specific machine, particularly one that is a scarce resource? Facility availability – Are facilities physically large enough to serve the needs of the project? In labor-intensive projects this could be the facility of office space including desks, chairs, phones, and computers. Transportation – Some projects, such as a major demolition or a large convention, may put unusual strains on the transportation capacity of an area.Concept 2 )   Resource loading is the level of demand placed upon individual resources during a specific time interval in a project schedule.Concept 3)  Resource leveling seeks to minimize fluctuations in the resource demand created by a project.Concept 4) The activity slope, associated with “crashing” a project, identifies the trade-off between time and money when duration is reduced to expedite a project. Generally, the cost to perform an activity goes up as its duration is reduced.Why is it important for a project manager to resource load their project schedule? What problems may arise if a project manager does not resource load their project schedule?Your comments should be supported by research that you reference at the bottom of your post – see rubric in syllabus for complete submission guidance