Resource
Scheduling Terms
Reviewed by forProject Technology - updated Sep 2026
Quick definition: A Resource is any personnel, material, equipment, service, or other cost needed to complete project work.
Resources are planned and budgeted during scheduling and estimating, and their consumption is tracked as actual costs as work progresses. Each resource is typically tied to a specific direct Element of Cost, such as labor or materials.
Why it matters
Accurately identifying and estimating resources is what makes a budget and schedule realistic in the first place. Without resource planning, cost and schedule baselines are little more than guesses rather than grounded plans.
Also known as
N/A
Used in
Basis of Estimate; Elements of Cost
FAQ
What counts as a resource?
Anything needed to get the work done -- people, materials, equipment, services, or other associated costs.
How are resources connected to cost accounting?
Each resource is typically mapped to a specific direct Element of Cost, like labor or materials, so its actual consumption can be tracked.
Definition maintained by forProject Technology.
© 2026 forProject Technology, Inc.
© 2026 forProject Technology, Inc.
