Resource management

Resource management

In organizational studies, resource management is the efficient and effective deployment of an organization's resources when they are needed. Such resources may include financial resources, inventory, human skills, production resources, or information technology (IT). In the realm of project management, processes, techniques and philosophies as to the best approach for allocating resources have been developed. These include discussions on functional vs. cross-functional resource allocation as well as processes espoused by organizations like the Project Management Institute (PMI) through their Project Management Body of Knowledge (PMBOK) methodology of project management. Resource management is a key element to activity resource estimating and project human resource management. Both are essential components of a comprehensive project management plan to execute and monitor a project successfully.[1][2] As is the case with the larger discipline of project management, there are resource management software tools available that automate and assist the process of resource allocation to projects and portfolio resource visibility including supply and demand of resources.

HR (Human Resource) Management

This is the science of allocating human resources among various projects or business units, maximizing the utilization of available personnel resources to achieve business goals; and performing the activities that are necessary in the maintenance of that workforce through identification of staffing requirements, planning and oversight of payroll and benefits, education and professional development, and administering their work-life needs. The efficient and effective deployment of an organization's personnel resources where and when they are needed, and in possession of the tools, training and skills required by the work.

Corporate Resource Management Process

Large organizations usually have a defined corporate resource management process which mainly guarantees that resources are never over-allocated across multiple projects.[3]

Techniques

One resource management technique is resource leveling. It aims at smoothing the stock of resources on hand, reducing both excess inventories and shortages.

The required data are: the demands for various resources, forecast by time period into the future as far as is reasonable, as well as the resources' configurations required in those demands, and the supply of the resources, again forecast by time period into the future as far as is reasonable.

The goal is to achieve 100% utilization but that is very unlikely, when weighted by important metrics and subject to constraints, for example: meeting a minimum service level, but otherwise minimizing cost.

The principle is to invest in resources as stored capabilities, then unleash the capabilities as demanded.

A dimension of resource development is included in resource management by which investment in resources can be retained by a smaller additional investment to develop a new capability that is demanded, at a lower investment than disposing of the current resource and replacing it with another that has the demanded capability.

In conservation, resource management is a set of practices pertaining to maintaining natural systems integrity. Examples of this form of management are air resource management, soil conservation, forestry, wildlife management and water resource management. The broad term for this type of resource management is natural resource management (NRM).

See also

References

  1. ^ A Guide to the Project Management Body of Knowledge, Third Edition. Newtown Square, Pennsylvania: Project Management Institute (PMI). 2004. ISBN 1-930699-45-X. 
  2. ^ A Guide to the Project Management Body of Knowledge, Fourth Edition. Newtown Square, Pennsylvania: Project Management Institute (PMI). 2008. ISBN 978-1-933890-51-7. 
  3. ^ Modern Project Management

Wikimedia Foundation. 2010.

Игры ⚽ Нужен реферат?

Look at other dictionaries:

  • Resource Management Act 1991 — Infobox NZ Legislation short title= Resource Management Act 1991 long title=An Act to restate and reform the law relating to the use of land, air, and water. introduced by=Simon Upton date passed=22 July 1991 royal assent= 22 July 1991… …   Wikipedia

  • Resource Management Law Association — The Resource Management Law Association (RMLA) was established in October 1992 to provide a forum for all professionals and others with an interest in resource management and the environment in New Zealand. The association deals primarily with… …   Wikipedia

  • Resource Management Act 1991 — Le Resource Management Act 1991 (RMA) est un acte du Parlement de Nouvelle Zélande ratifié en 1991. Il contrôle l accès aux ressources naturelles du pays, le but étant de soutenir le développement soutenable et préserver l environnement autant… …   Wikipédia en Français

  • resource management operations — The execution of the resource management mission that includes providing advice and guidance to the commander, developing command resource requirements, identifying sources of funding, determining cost, acquiring funds, distributing and… …   Military dictionary

  • resource management —   the control of resources so that they do not become depleted or exhausted …   Geography glossary

  • Resource management —    A significant role for shamans in many indigenous cultures, part of their mediatory and political functions. Shamans may engage with particular animals, plants, birds, fish, and similar other than human persons on whom their communities rely… …   Historical dictionary of shamanism

  • Natural resource management — The Tongass National Forest in Alaska is managed by the United States Forest Service. Natural resource management refers to the management of natural resources such as land, water, soil, plants and animals, with a particular focus on how… …   Wikipedia

  • Human resource management — Human Resources Manager redirects here. For the 2010 Israeli film, see The Human Resources Manager. Human Resource Management (HRM, HR) is the management of an organization s employees.[1] While human resource management is sometimes referred to… …   Wikipedia

  • Crew resource management — or Cockpit resource management (CRM) is a procedure and training system in systems where human error can have devastating effects. Used primarily for improving air safety, CRM focuses on interpersonal communication, leadership, and decision… …   Wikipedia

  • Human resource management system — HRMS redirects here. For the ship prefix, see His/Her Dutch Majesty s Ship.A Human Resource Management System (HRMS, EHRMS), Human Resource Information System (HRIS), HR Technology or also called HR modules, refers to the systems and processes at …   Wikipedia

Share the article and excerpts

Direct link
Do a right-click on the link above
and select “Copy Link”