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. 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 transparency 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.
Read more about Resource Management: Techniques
Other articles related to "resource management, resource, resources, management":
... Single-Pilot Resource Management (SRM) is an adaptation of Crew Resource Management (CRM) training to single-pilot operations ...
... 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 ...
... Through resource sharing, work in coordination, and service mechanism, CNGrid effectively supports many applications such as scientific research ... CNGrid GOS mainly includes a system software, a CA certificate management system and a testing environment, three business version of sub-systems (high performance computing gateway, data grid, and grid workflow ... functionalities including global naming management, VO management, user management, resource management, application runtime management and so on ...
... The Fourth Labour Government made significant reforms to resource management, conservation, planning and mining legislation and local government as well as ... Geoffrey Palmer initiated the Resource Management Law Reform process which later resulted in the enactment of the Resource Management Act 1991 and the Crown ...
... direct mail Downsizer—set up in October 2004 by the founder members— "a resource for people who want to live more sustainably" India Water Portal—an initiative of Arghyam, a ...
Famous quotes containing the words management and/or resource:
“Why not draft executive and management brains to prepare and produce the equipment the $21-a-month draftee must use and forget this dollar-a-year tommyrot? Would we send an army into the field under a dollar-a-year General who had to be home Mondays, Wednesdays and Fridays?”
—Lyndon Baines Johnson (1908–1973)
“If there is nothing new on the earth, still the traveler always has a resource in the skies. They are constantly turning a new page to view. The wind sets the types on this blue ground, and the inquiring may always read a new truth there.”
—Henry David Thoreau (1817–1862)