14 Resource Management

 Task 1 Resource Management study guide questions.

Do not copy and paste the answers. Read the information and express the ideas in your own words or paraphrasing instead of copying. Remember to write complete sentences not isolated words or phrases.

1.What is Resource Management? 

Has become one of the parts fundamentals to all type of business in the actuality. Has become in a discipline because the organizations they become more complex, more structured.

Uses various types of resources in a more efficient way. Such as human resources, equipment, facilities, etc., this allows the workforce to be better qualified and thus the company can improve and better optimize resources.

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

Can help in to get better to the income of any business.

Help to reduce the cost of projects as well as allows them complete on the time and on the budget.

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

1.-Resource scheduling:

The resource must be identified in order to facilitate the work and be able to finish the project.

2.-Resource utilization:

Help employees have a better performance for to get better the result of the company.

3.-Resource forecasting:

Is vital for managers because they can predict whether to use the resource or not and have better control.

4.-Resource and capacity plainning:

In this process is necessary plan as well as prevent utilization of the workforce of form efficient to have better optimization and can deliver the project to time.

5.-Business intelligence and reports:

Information is taken into account through analysis of data these reports help to take a decision to the managers.

4.What are the advantages of resource management?

The advantages of have a good control of resources is that you can have better efficiency with the projects and better optimization.

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

1.- Communication skills:

Is necessary have skills of communication that permitting explain better and at the same time to ease the arguments towards project manager.

2.- Conflict resolution:

The resource manager must know how to intervene if he knows that there is a conflict in the project that does not allow him to advance or conclude.

3.- Domain knowledge:

The manager must have adequate knowledge to be able to solve the problems that arise.

4.- Proactive plainning:

The manager must be both proactive and resourceful in order to complete projects on time and within the allocated budget.

5.- Negotiation skills:

The manager must have the ability to negotiate and make the owners see that he is suitable for the project.

6.- Risk management: 

Managers must have the ability to work under pressure and have a backup plan for future contingencies that may arise in the project.

Bibliography:

https://www.saviom.com/blog/what-is-resource-management/