Microsoft Project 2021 From Beginners to Advanced - What are Resources?

The video tutorial explains the three types of resources in project management: work, material, and cost resources. It discusses how each type affects project timelines and costs. Work resources are managed by time and availability, material resources by quantity, and cost resources by task-specific expenses. The tutorial emphasizes understanding these resources to effectively plan and execute projects.

Explain the difference between work resources and material resources.

What is the significance of having a standard rate for resources like laptops in a project?