Economy, asked by parvbhatt10, 8 months ago

pros and cons of people as a resource plz give me the right answer is will mark you as brainest plz plz

Answers

Answered by LamborghiniEvo
5

Explanation:

Small companies are often faced with resource constraints -- in funding, technology, materials and more -- as they plan, organize, schedule and execute various projects. Most constraints of any kind tend to hinder progress. However, besides some of the disadvantages to resource-constrained projects, certain advantages or positive outcomes can transpire as a result of resource limitations.

Higher Efficiency

Resource constraints can cause an organization to operate more efficiently, according to the MIT Sloan Management Review. For example, a small company faced with financial restrictions may, instead of hiring four contractors for technical support, hire two who can accomplish the work for the same amount of money. Projects can also be overly complex in nature. Hence, management may be forced to modify assignments so people can accomplish each task more easily, expediting the time in which the project gets completed.

Encourage Innovation

Project managers facing resource constraints may be forced to become more innovative, creative and resourceful. They may use motivation techniques to get people to complete tasks and assignments more quickly, for example. Some project managers may employ software applications to expedite certain processes, such as handling mailings or scheduling meetings. Small companies faced with material constraints may find substitutes that work just as well.

Inability to Complete All Steps

Sometimes, certain aspects of projects won't be completed because of resource constraints. The project manager may start by eliminating the least important procedures to bring the project to fruition. For example, engineers may instruct production workers to eliminate one inconsequential step from the mixing process for a packaged dessert being tested in the market. Engineers can later figure out how to meet production demands with the additional mixing step. But the immediate need is to get the product on grocery shelves to determine if consumers like it.

Delays

Small companies faced with project resource constraints may inevitably be delayed in meeting deadlines. The deadlines or due dates may have been unrealistic from the start, considering the lack of certain resources. However, the pressing issue for the project team is how they can minimize the delay. Project managers may hire temporary workers to help with clerical or simpler tasks, if the added expense stays within the budget's parameters. The key is making sure upper management or clients are apprised of the delays, and that a new deadline be set.

Answered by sweekriti6344
2

Answer:

Hlo Dear Athrav❣️

how are you? :)

Nd How was Ur Day dear ♥️

Similar questions