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TOPIC: Difference between materials and goods

Difference between materials and goods 7 years 6 months ago #794

  • Tushar Joshi
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Hi,

In Time Management knowledge and Estimating Activity Resources process you mention materials and goods as separate categories. Can you please elaborate on the difference between materials and goods.

From what I already know material shall be taken as raw material which gets converted to finished product which we also call as goods. If I apply this definition to these two categories then goods become the output of materials and processing

with regards
Tushar
Tushar Joshi
SR Project Manager

Infospectrum India Pvt. Ltd. | 20, IT Park MIDC, Parsodi, Nagpur-440022, India.
Phone: +91 712 663 8178, 79 Extn: 315 | Cell: +91 982 222 0365
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Re:Difference between materials and goods 7 years 6 months ago #805

  • Cornelius Fichtner
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Tushar,

Let's first of all be clear and say that the difference between these two words is unimportant for the PMP Exam. I used them in the examples to explain what you might need in a project. And as you have already said: I see materials more like "raw materials" and goods more like "finished items". And on any given project it is possible that you may need both: In one task you need raw materials (i.e. concrete powder and water) to work with and on another task you may need a finished good (i.e. a ceiling lamp) that needs to be installed.
Until Next Time,
Cornelius Fichtner, PMP, CSM
President, OSP International LLC
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