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Assignment 14 

Task 1 Resource Management study guide questions.

Student´s name Rafael Ricardo Ávila Pérez

NUA901954

 1. What is Resource Management?

Resource management

 refers to process of using resources efficiently. such as human resources, facilities, etc.

 

It is also the planning and allocation of resources to the project

 

2. Mention what is the importance of Resource Management in business.

The importance of resource management implies that the company achieves optimal profits as well as sustains the company's business.

also achieves

1.     Significantly minimize project resource costs

2.     Improving effective/billable resource utilization

3.     Bridge the capacity vs. demand gap proactively

4.     Use scarce resources effectively in a matrix organization

5.     Monitor and improve organization health index

 

 3. What are the Concepts and Components of Resource Management? Define them in detailed.

 

1. Resource scheduling

 

It implies knowing how to grant resources during a specific period to different people.

 

Simplify work using Gantt charts and thereby optimize times

 

2. Resource utilization

 

The use of resources allows you to measure the time that workers spend on assigned tasks. It also indicates the performance of the employees

 

Utilization can be measured in terms of:

 

General use of resources

Billable usage

Strategic use

Non-billable usage

 

3. Resource forecast

it is a process to prevent the required resources and those that will go to the bank.

 

Mobilize resources for non-billable activity or BAU billable tasks.

Ensuring effective bank management

Close the gap in capacity and demand

 

4. Resource and capacity planning enables effective and efficient project deliveries

 

5. Business intelligence and reports

 

Through data and studies, he manages to know the optimal point of the use of resources, in the same way, it helps decision-making in the company


 

4. What are the advantages of resource management?

I believe that the advantages are multiple, such as reaching the defined goals, having an effective and efficient job as well as complying with high quality standards and achieving greater competitiveness by optimizing resources.

5. What are the skills that every resource manager should have? Explain each in detail.

1.Communication skills

The resource manager is the middle ground between those who request the projects and those who put them into practice, for there to be understanding between the two, the resource manager must be very skillful communicating

2. Conflict resolution

again the resource manager is responsible for avoiding conflicts of any indile in the company

3. Domain knowledge

The resource manager must have in-depth knowledge of the product, good or service provided by the company where he works

4.Proactive planning

the resource manager must have a proactive planning to comply in a timely manner and effectively

5.Negotiation skills

The resource manager must know how to negotiate in different circumstances where he must make decisions about the workers

6.Risk management

the resource manager must be intuitive with the possible risks or contingencies that may arise in the company

all document based on (Negi, 2021)

Bibliografía

Negi, A. M. (6 de Octubre de 2021). Saviom. Obtenido de Saviom: https://www.saviom.com/blog/what-is-resource-management/

 

 

Comentarios

  1. I agree, the efficient use of resources makes companies competitive which is important in the marketplace as it is what determines whether they will make a profit or not.

    ResponderBorrar

  2. For me, this topic has been very interesting to me since I was unaware of the term resource management, and now it has become clear

    ResponderBorrar

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