why we need to manage our resources. Discuss any four reasons in 80 to 100 words
Answers
Resource management is important because:
it provides you with an overview of everyone and everything involved in your project;
It enables utilization planning;
It makes the planning and management process more transparent;
It helps you see problems before they start;
It gives you control over your project.
If you aren't a fan of brevity, don't worry.
This article will go over everything there is to know about this concept. Explaining the importance of resource management. As well as providing you with some of its key benefits.
But first things first. Let’s start with a simple definition of resource management.
Resource Management Definition
Resource management is the process of planning, scheduling, and allocating resources in the best possible way. Its ultimate aim is to maximize your resources’ efficiency. This in turn will help the success of your project, task, or organizational goals.
What are Resources?
Resources can be anything from people to machinery to facilities. They are whatever you need to complete your project or task. For a construction company, a resource can include a special piece of equipment or tools. A software company would need computers and developers. And an event manager might need caterers and a venue. Because resources exist in every field, so does the need for resource management.
Read on: We cover these topics of resource management as well as some of its main key-terms in more detail, here: what is resource management, and why you should bother.
Different Types of Resource Management
There are actually a number of different types of resource management. There’s scheduling, planning, and management itself. The biggest difference between the three is the depth of planning.
While, maximizing efficiency is the official credo of resource management, maybe you have a different goal in mind. Perhaps you’re seeking an overview of your resource allocation. Or say you want more transparency in the planning process. Maybe you’re looking to forecast resource availability 5 months down the line. Or you simply need a better way to track your project’s progress. Resource management can help you with all these goals.