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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 transparency including supply and demand of resources.
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An organisation cannot build a good team of working professionals without good Human Resources. The key functions of the Human Resources Management (HRM) team include recruiting people, training them, performance appraisals, motivating employees as well as workplace communication, workplace safety, and much more.
i believe you already answered the question in the question's comments
Resource Management is most important thing before closing any deal or project! You have to measure, timeline, manpower, costing all things will be manage before accepting the project. SO its a important thing. But I am luck to live in this era where tools make our life easy and fast.
I have used different tools for project management, resource management, time management, task management.
Some of them are listed below:
I think you should all try these tools for efficient work...
i think management is back boon any business without management you cant can,t do any thing
It is important because, to maximize profit, with minimum investment, in best possible manner.
It is to check the available and required resources without which a project can get delayed, hamper and may go haywire. Resources are important to plan the activities with more accuracy and precision.
