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NSWDesign and TechnologyQuick questions

Designing and Producing

Quick questions on Finance and resource management: HSC Design and Technology Designing and Producing

3short Q&A pairs drawn directly from our worked dot-point answer. For full context and worked exam questions, read the parent dot-point page.

What is managing time?
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Time is the resource a year long project most often runs out of. Time management uses:
What are managing physical resources?
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Physical resources are the materials, components, tools, equipment, workspace and people the project needs. Resource management means listing what is required, checking availability and lead times, ordering materials early, and booking equipment or specialist help when needed. Many projects stall not from poor design but because a material did not arrive or a machine was unavailable, so securing resources ahead of time is part of good management.
What is no contingency?
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Build in spare time, a budget reserve and backup suppliers so one delay does not derail the project.

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