Planning how to use resources to maximise their value to your company is the process of resource management. This entails figuring out, assigning, and managing the material and immaterial resources crucial to your business. Anything a company requires to finish a project or task is a resource, including its staff.
Resources that businesses might handle include:
- Intellectual property, including suggestions and creations made by employees
- The physical space that the corporation uses for its offices, warehouses, retail stores, manufacturing plants, and other operations
- The technology resources for collaboration, communication, and digital record-keeping
- Accounting and auditing are often used to manage finances
- The machinery and instruments required to carry out daily tasks
The principal forms of resource management consist of:
Managing human resources (HR)
HR management includes recruiting and reassigning people, providing training, monitoring performance indicators, and controlling pay and benefits.
Managing digital resources
By monitoring and managing each digital account or asset, information technology workers may manage digital resources including networks and software.
Resource management for projects
The needs of a certain work or project are taken into account when project managers plan and allocate resources, including estimating scale.
