Resource management is an effective and efficient way of deploying the resources within an organization. These resources include human skills, inventory, financial resources, production resources or even the information systems. For there to be success in any project there has to be effective management of resources when it comes to assigning them to the projects. This often includes hours of labor for those people who are assigned to the particular project. Resource management also involves management of the labor hours of the people that are involved in subcontracts. Apart from the management of people, resource management also involves managing equipment that are to be used for specific projects and the materials required by people and the specific equipment that have been assigned to the projects. When it comes to project management there are techniques, philosophies, and processes can be developed in a bid to ensure that the best approach is taken towards the allocation of resources. Resource management is a crucial element when it comes to the estimation or resources and project human resource management. The paper will look at the principles of resource management in organizations.it will also look at the Principles of data collection and analysis in resource management. The paper will also highlight the principles and application of phasing in resource management.
Understanding the Principles of Resource management
Aims and objectives of resource management
Resource management is a very crucial part when it comes to any project. There are various aims and objectives that can be linked to resource management. These objectives include to ensure that; there are employees within the organization that have the required skills and profile that is needed for the specific project that is to be undertaken. Another aim is deciding the number and sets of skills that are required when hiring new employees. Another aim is to ensure that the workforce is located to the various projects which they are required to work under. Another aim is to ensure that the quantities of other resources required for a specific project are available and equally distributed. Another aim is ensuring that the resources are available at the exact time which they are required meaning that the resources should always be available as and when required (Lock, 2007).there are various examples of business applications when it comes to the objectives of resource management. For instance a business wants to introduce a new product. They will require a laid out plan for management of resources that will be needed to make it possible to produce and deliver the new product into the market. If resources are not properly managed then this project will not be successful.
Processes used in resource management
There area various techniques and processes that can be used in resource management. These are such as resource leveling. The aim of resource leveling is to ensure that the stocks of resources are smoothened so as to reduce any excesses in inventories and any shortages that might occur. The data that is required in this technique includes the demands for the resources, a time period forecast into the future which is far bur reasonable and the configurations of the resources that are required in the specific resources required. The other data required is that of the supply of the resources required followed by a forecast of the future which is far yet reasonable. The aim of this technique is ensuring that there is 100% utilization but in the real sense this is not easily achieved. Another process in resource management is conservation resource management .this involves a set of practices that pertain with the maintenance of the natural system. Another process of resource management is timeline planning. This technique is quite useful when it comes to understanding of the vents happening over a specific time frame.
Relationship between resource management strategies and effective timeline planning in business application
Effective timeline planning helps the organization understand what will happen over time. Resource management strategies mostly involve the forecasting of the future in terms of both demand and supply of resources. Effective resource management strategies all take into consideration the future of the business in terms of the resources. Therefore there is a close relationship between resource management strategies and effective time planning in that resource management relies on time planning. Time planning allows for the visual plot for the events that will happen over time (Lock, 2007). Therefore with time planning then the process of resource management will be successful. For instance in a business resource...
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