Definition
of Resource Management:

Resource management is
a technique which is used to benefit from all the resources available in an
effective way. It is a form of planning primary materials and arranging them so
that all the resources are applied to the right tasks and reach the goals with
the least amount of waste and misplacement. Resource management includes
salaries, employees, buildings, vehicles, tools, supplies, machines and more. Resource management is concerned with the question of a
way to use sources correctly, successfully and economically. Resources cost money for a business
enterprise, that’s why they need to be controlled cautiously. In
any other case it
could throw off the whole agenda if the right resources aren’t available when they’re wanted. Organizations want to ensure that they procure them in a cost-effective way and that they
may generate fee for the organization. Resource management guarantees that the task is on time and scope through the effective allocation of resources. It additionally makes sure that group individuals
recognize what their roles and assignments
are. For
this reason, it
is an essential part
of the project planning technique.

Types
of Resource Management:

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There are many types of
resource management such as human resources, IT management, financial management,
enterprise asset management etc…

IT service management is the act of implementing, managing,
and delivering IT services to fulfill the needs of a business. Let’s see what
it means in real world, think of a computer running complicated codes that very
few people can understand so in order to allow everyone to use the software, it
needs to have easy to use and friendly user interface, otherwise most people
will not be able to use it. Likewise, ITSM serves the same purpose as the
software user interface, it helps employees in an organization communicate with
IT, without having to know anything about technology and still get what they
need and their issues resolved, for example, if a sales executive joins a
company, the IT department will give him a new computer, but for a man who
travels a lot and have to visit costumers, it will be hard for him to work if
what he receives is a desktop. If there was an IT process in place, where IT
understands the needs of the business and what the employees need to do with
equipment, the sales executive would have got a laptop saving him a lot of
wasted time and energy in his first few days of the job. So an essence, ITSM
creates a bridge between IT and the customer. Since both sides save time, and
time is money, ITSM brings direct value to the business.

Thinking
about HR management, when sport teams or work teams have plans to improve
themselves or actually have a vacancy the manager usually calls an expert to
find new talents. In a company this expert is the HR or human resources
manager. HR staff starts to look for interested recruits. Recruiting is a huge
part of making high-quality tames. HR staff use their knowledge and experience
to locate the best person for the job, and in addition they provide advice to
managers on how to improve their tame overall performance, and suggest training
options to optimize staff capability. HR also monitors well-being and safety
needs and also resolves conflicts among the working team and make sure they get
paid fairly.

 

Concepts and Techniques:                                                            

Resource leveling is a
way of resource management whose objectives is to find underused humans or sources inside an organization and positions them to work. Resource leveling considers all resources, humans and appliances to decide if some
of those assets are being underused, or might
be used in a
place where they can
be more productive. For example, a supervisor of
one department, who can
also be working in another department or a
person in
the finance department who could genuinely be very useful in
the production department.

The traditional approach is another method that became approved and used
from hundreds of years ago because of the positive results it achieved. Traditional
approach involves the initiation stage, planning stage, production
stage, controlling and the completion stage of the process. This technique is mostly used when developing
a new product, and may also be used when getting something new to the company.

Resource limited schedule is another technique and it is used to achieve
maximum efficiency when the resources are limited for a project and the manager responsibility
is to be able to benefit from the available resources to reach the goal.

Breakdown structure is a listing done by the manager or someone else
from the team at the beginning of the project and it includes the important
resources arranged from due to their importance.  

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