Resource management study guide questions

 


Task 1 Resource Management study guide questions.

 

1.       What is Resource Management?

It´s the efficient and effective operation of the resources of any type in a business for it´s ideal use.

 

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

Resource management works in the interest of the business profitability and sustainability.

ü  reducing its costs

ü  looks for a suitable resource utilization

ü  Anticipates the resource demand so they can design a plan to deal with the skill gaps

ü  Facilitates the resources in a matrix organization

ü  Keep track on their leaders’ performances so they can help to improve them

 

3.       What are the Concepts and Components of Resource Management?

-        Resource scheduling: allocates resources to different project tasks

-        Resource utilization: consider the time employees takes completing tasks based on their availability

-        Resource forecasting: helps to estimate the resource utilization that may eventually appear on the bench  

-        Resource and capacity planning: analyses in advance the gap between capacity and demand in order to make sure of no excess and of theirs filling to be done  

-        Business intelligence and reports: for it to monitor the resource health index, reports need to be done to improve the decision-making abilities

 

4.       What are the advantages of resource management?

They help to reduce the projects costs by improving the employee performance and excellent managing of the resources

 

 

5.       What are the skills that every resource manager should have?

-        Communication skills: since the resource manager function as mediator from the project manager its vital for them to communicate the best as possible

-        Conflict resolution: while managing the resources for multiple project managers may conduct to discrepancies, the resource manager have to keep the track to everyone.

-        Domain knowledge: they have to domain the field of resources

-        Proactive planning: they have to make the right decisions to complete the tasks in time

-        Negotiation skills: Manager need to be persuasive to get the job done

-        Risk management: always have a plan b for unexpected situations

Comments

  1. I really how you define resources management, it's clear and concise. And also the way you summarize the information, you did a great job!

    ReplyDelete
  2. Hi. I agree with your answers and i think another advantages of resource managing is that you can measure the company's health.

    ReplyDelete
  3. Hello! You really summarized the information pretty well. I think that you found the main purpose of resource management when you explained it as the efficient and effective operation of the resources for its ideal use.
    In regards to skills that every resource manager, in your personal opinion, what do you consider the most skill that a resource manager should have?

    ReplyDelete
  4. Hi! your answers are very understandable and I agree with them.

    ReplyDelete
  5. Hi! I think that resource management has also another advantage which is that you can maximize the profit by making more out of less

    ReplyDelete

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