Category: Resource Management
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What is Resource Management and its Importance?
Utilizing every resource intelligently is imperative for every organization as they are the most high-priced investments of any business. Moreover, organizations spend a lot of time and cost in creating the right talent pool. Therefore, when their skills and competencies are tapped to their maximum potential, it enhances overall efficiency and profitability. Resource management has…
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Resource Management: A Comprehensive Handbook for Project Managers
1. What is Resource Management? Resource management manages business resources efficiently and effectively to get the best value out of them. These resources can be human resources, assets, facilities, equipment, etc. Efficient management process centralizes the data into a single repository and provides a single version of the truth. The components include resource scheduling, resource…
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How to Manage Resource Effectively with Precision
Organizations acquire a talented resource pool that can lead projects to success, but is that enough? One should not overlook the importance of managing resources effectively as it is the key to achieve the desired success. Without efficient resource management, the workforce will only end up making efforts without getting the desired results. For example, the workforce…
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How to Select the Best Resource Management Solution for your Business
Many traditional applications, such as ERP, PPM, CRM, HR, etc., capture resources and project-related data for its working. However, they were never designed to address the entire resource management life cycle. A dedicated product around Resource Management solution represents the missing piece of a Jigsaw puzzle in this packaged solution ecosystem. Of late, many software vendors have…
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How Resource Management Helps in Reducing the Hiring/Firing Cycle?
Business magnate Steve Wynn once said, “Human resources is not what we do, it’s an engine that runs our business.” Rightly said, for organizations to thrive in today’s fast-paced economy and maintain a competitive edge, hiring and retaining top talent is of prime importance. However, despite employees being a significant asset, the U.S. Bureau of Labor, 2021 edition report revealed that,…