14: Resource Management

 

NAME CHRISTOFER ALEJANDRO RODRIGUEZ ORTEGA
NUA 116189

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?

My definition, is a process that is done to optimize resources either of people, machinery, information systems (sofware and harware), According to the activities carried out in the organization, you must have a list of staff functions, to hire the ideal person in the activity. It is also important that the resource is used efficiently and economically, that is, more should be done with less, to avoid major expenses that may negatively affect the company.

This process must have a plan for development, execution and performance evaluation.

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

My definition, The main importance of this process is that more must be generated with less, this means that we must make strategies to save money, in this case, an example is when machinery replaces the human, long ago in an organization many people were engaged to make food products, now a single machine can do what many people, saving a lot of money, it is important to make an overall assessment of the company to execute strategies.

 

Also of the importance is to keep employees happy and safe so that they are transformed in a positive way in the performance of their activities, in this way the worker will have a greater commitment to the company, improving the results.

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

Define them in detailed.

a. Resource scheduling
this component allocates resources for some activity or project within the organization, all this for a certain period, as well as seeks to be efficient and effective.

b. Resource utilization
is a performance indicator that is made to the employees of a company, this is used to measure the time of use of the resources they use, this serves to execute strategies of resource use as well as to seek that the employee is efficient in his activities

c. Resource forecasting
this component focuses on the requirements that an employee must have or medium or higher levels to be able to perform their function as well as their capacity within its range

d. Resource and capacity planning
is a tool that is used to plan the resources for its use, also to allocate supply with the objective of meeting the objective in time and form

 

e. Business intelligence and reports
It is a data analysis to generate reports and according to the visualization of the results, decisions are made, It also serves to identify, attend and correct or modify processes in favor of the Company

4.What are the advantages of resource management?
Has general knowledge of the company, also knows and masters negotiation skills, communication, in addition to managing risks. These skills are advantages that the manager has at the time of being a leader within the company, has the knowledge and applies it.

another advantage is that it can prevent risks within the company so that it is not negatively affected.

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

each in detail.

1. Communication skills; The manager must communicate in a fluid way, with the right words for the understanding of his ideas, also to explain functions and Responsibilities

2. Conflict resolution; this skill is very important for the company's objectives and projects to be met, a conflict can occur when an agreement is not reached, the ideas are different between managers and employees then the leader has to focus them in a single idea, in a single plan to avoid problems and can affect the company

3. Domain knowledge; the manager must have years of experience in his functions, it is important that he has knowledge about all his activities, he must be prepared for his great responsibility

4. Proactive planning;  Managers must have a proactive plan, that is, have initiative in future plans, have the ability to solve problems in the future for the objectives to be met according to the established time, there can be no time delays or unfinished projects

5. Negotiation skills; it is a very important aspect for a manager to be able to negotiate to be able to carry out their objectives, it can be with high levels or with external people but always looking for a benefit for the company

6. Risk management; having the ability to prevent a risk is complicated, for this situation the manager must have in his plans, the risks that may affect the project, the main part of all risk is to be able to prevent it, always look for a plan B and anticipate the situation.