Resource management
Business administration |
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Management of a business |
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In
In the realm of
Corporate resource management process
Large organizations usually have a defined corporate resource management process which mainly guarantees that resources are never over-allocated across multiple projects.[4][5] Peter Drucker wrote of the need to focus resources, abandoning less promising initiatives for every new project taken on, as fragmentation inhibits results.[6]
Techniques
One resource management technique is resource leveling. It aims at smoothing the stock of resources on hand, reducing both excess inventories and shortages.
The required data are: the
The goal is to achieve 100% utilization but that is very unlikely, when weighted by important metrics and subject to constraints, for example: meeting a minimum service level, but otherwise minimizing cost. A Project Resource Allocation Matrix (PRAM) is maintained to visualize the resource allocations against various projects.
The principle is to invest in resources as stored capabilities, then unleash the capabilities as demanded.
A dimension of resource development is included in resource management by which investment in resources can be retained by a smaller additional investment to develop a new capability that is demanded, at a lower investment than disposing of the current resource and replacing it with another that has the demanded capability.
In
See also
- Environmental management
- Factor 10
- Holistic management
- Industrial symbiosis
- List of resource management software
- Resource allocation
References
- ISBN 1-930699-45-X.
- ISBN 978-1-933890-51-7.
- ISBN 978-1-62825-184-5.
- ^ Modern Project Management
- ^ Enterprise Resource Management
- ^ Frank Parth. "Growing in Turbulent Times'".