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Why is Resource Management important?

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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Question ajoutée par Zafar Iqbal , Teacher (Pak Studies) Subject Specialist , Home Tutor
Date de publication: 2013/09/24
Zafar Iqbal
par Zafar Iqbal , Teacher (Pak Studies) Subject Specialist , Home Tutor

Thank you all for participation in answering this question.  Yes agreed we can spend our weekend at bayt.com by participation in question/answer session.

Shabbir Hussain
par Shabbir Hussain , Assistant Registrar , LUMS

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.

Mohammed Muzamil Ali Khan
par Mohammed Muzamil Ali Khan , Project Manager Pmo , Hsbc - India

Resource management is very important function in the company Operations. It is all about managing scare resource in proper way. People often tend to take resource as human but it is all resources of organization like infrastructure and IT... Capital.

Khaled Alhassoun
par Khaled Alhassoun , Consulting Management - Senior manager , Price waterhouse Coopers

i believe you already answered the question in the question's comments

Noman Ali Syed
par Noman Ali Syed , SEO Manager , Cygnis Media

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...

imran aslam
par imran aslam , AREA SALE OFFICER , AR FOODS PHOOLFOODS

i think management is back boon any business without management you cant can,t do any thing

P A Cariappa Appaiah
par P A Cariappa Appaiah , back office executive , Inspire Hond

It is important because, to maximize profit, with minimum investment, in best possible manner.

Mohammed Asim Nehal
par Mohammed Asim Nehal , M Asim Nehal & Co , Chartered Accountants

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.

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