Tangible Resources

In basic project management courses, the strengths and weaknesses of a firm are usually described in the terms of its tangible resources. The most common classification for tangible resources is:

• Facilities

• Information/technology

Time

FIGURE 3-6. Projecting Performance. Source: From The Changing Environment of Business A Managerial Approach, 4th Edition, by G. Starling © 1995. Reprinted with permission of South-Western College Publishing, a division of Thomson Learning. Fax 800 730-2215.

Time

FIGURE 3-6. Projecting Performance. Source: From The Changing Environment of Business A Managerial Approach, 4th Edition, by G. Starling © 1995. Reprinted with permission of South-Western College Publishing, a division of Thomson Learning. Fax 800 730-2215.

Another representation of resources is shown in Figure 3-7. Unfortunately, these crude types of classification do not readily lend themselves to an accurate determination of internal strengths and weaknesses for project management. A more useful classification would be human resources, nonhuman resources, organizational resources, and financial resources.

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