Resource Management

 1. What is Resource Management?

The administration of resources is the distribution of the capital that a company has to carry out its economic activities. Said resources can be technological, financial, human, and intellectual. It also refers to the planning, structuring and distribution of all the material that the company has.

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

 Its importance lies in making the internal processes of the company more efficient and effective, minimizing costs, in order to maximize its profits, make its materials efficient and distribute them correctly so that there is no shortage of resources, or lack of a factor to the job.

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

1.     Resource scheduling: Resource scheduling refers to the supply of the different types of resources or materials of a company, depending on the work, task or activity that needs to be carried out.

2.     Resource utilization: This implies a structured dosage according to the needs of the activities, to provide the adequate amount of human, financial and production capital, in order to reach the minimum cost margin.

3.     Resource forecasting: Resource forecasting allows analyzing and predicting the results to be obtained according to the amount and volume of resources assigned to business activities, so that a control can be carried out as precisely as possible, to avoid the stock or in warehouses and have problems with production stoppages, or shortages of inventories or processes.

4.     Resource and capacity planning: the capacity of resource planning allows to carry out a meticulous analysis about the resources used according to the demand curve, allowing the company's analysts to analyze the figures, and to be able to think of the most effective and appropriate strategies to every situation within the market.

5.     Business intelligence and report: This phase of resource management allows you to analyze the final results of certain business strategies, to make reports, scoreboards, matrices, diagrams, among others. These tools help as a history of strategies and results figures, which in the future serve to make decisions.

 4. What are the advantages of resource management?

 Resource management, when efficient, allows the company to reduce operating and administrative costs, as well as increase the profit and profit curve and margin. When a quantity and volume of resources are designated to certain activities, it is allowed to save more resources for the future and avoid shortages of them

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

 

1.     Communications skills: The resource manager is responsible for carrying out and providing resource requests from their managers or leaders. So good communication is crucial to optimize and correctly ration resources, and not waste them, so that project leaders know how to manage them

2.     Conflict resolution: The resource management leader must have this ability, to be able to cope with the losses within the company, and together with good communication, look for a contingency plan, to harmonize the expectations of the employees, and look for a solution that adapts to the needs and objectives of the company

3.     Domain knowledge: A leader in this area must be trained and prepared with different knowledge in the field, to have the maximum ability to handle situations, problems, etc

4.     Proactivity: A leader must be able to maintain a positive work environment that benefits the company objectives, as well as maintain motivation in the work team

5.     Negotiation skills: The ability to negotiate is used to find the exact point in dealing with a second or even a third party, with the purpose of obtaining a mutual benefit, without giving up so much with the economic partner

6.     Risk management: Risk management is important, since as well as the ability to solve problems, it is needed to move the company out of unfavorable situations, as well as the anticipation of plans or strategies, etc

 

 

Saviom. (06 de Octubre de 2021). What is resource management and its importance. Recuperado de https://www.saviom.com/blog/what-is-resource-management/



Sophia Pérez Morales

NUA: 281600

Comentarios

  1. MICKY29 de diciembre de 2021 a las 22:50

    Concuerdo con tus respuestas, creo que fuiste concisa y directa en tus respuestas, explicas de manera correcta cada pregunta.

    ResponderEliminar
  2. Cesar Carreño30 de diciembre de 2021 a las 7:30

    I agree that resource management helps reducing the costs and I think it is the most important advantage

    ResponderEliminar
  3. Ekateryna Calderón30 de diciembre de 2021 a las 7:50

    I think that the most important skill a resource manager must have is excellent communication skills because that way they're able to relate to the staff and avoid misunderstandings

    ResponderEliminar
  4. Francisco Javier Ramírez Juárez30 de diciembre de 2021 a las 12:58

    I like the way you answer, quite clear and concrete
    I consider that an ability that you must have, apart from all those mentioned, is empathy, I consider that it is something that helps you on many occasions that arise in the work area

    ResponderEliminar
  5. Alondra Ramírez30 de diciembre de 2021 a las 13:27

    I agree with you, we have many answers in common. What skill do you think is the most important? i believe that all but especially denial should be paramount because we will always have conflicts and we must be able to resolve them so that everything else will continue to work without problem.

    ResponderEliminar

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