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optimizing resources, project budget

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Please answer the following. Limit answers to no more than 75 words.

What does optimizing resources mean in the context of project management, particularly if I have to share resources with others?

How important is the development of a realistic project budget, and what is the function of the contingency factor in developing a budget?

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What does optimizing resources mean in the context of project management, particularly if I have to share resources with others?

In the context of project management, optimizing resources means taking best possible and most efficient use of available resources such as time, human and financial resources. Since resources are limited and best possible use need to be made of the available resources, proper planning should be done in advance to take the best possible and optimized use of such limited resources at disposal, thereby reducing the ...

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What does optimizing resources mean in the context of project management, particularly if I have to share resources with others?

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