Resouce Management Unit 5004 - Essay Example

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Resouce Management Unit 5004

Resource management is a key element to activity resource estimating and project human resource management. Both are essential components of a comprehensive project management plan to execute and monitor a project successfully. As is the case with the larger discipline of project management, there are resource management software tools available that automate and assist the process of resource allocation to projects and portfolio resource visibility including supply and demand of resources. This unit is about the generic principles, methods and techniques for planning, managing and analyzing the use of any and all resources available to the manager. This includes physical, financial and human resources, and the factors affecting their use - organizational, legal, ethical and environmental.The main purpose of this unit is to manage non- financial resource and manage financial resources..
Management is about getting thing done by other through the resources such as people equipment and materials. So these resources should be utilized to the maximum to achieve the objectives. Managers are responsible for planning, organizing leading and controlling the efforts of organization members and using all the organizational resources to achieve organizational objectives. So the need to achieve the goals from this optimum resource arose. ...Show more


Resource Management unit 5004 is about is identifying, planning using and evaluating resources to meets the objectives. Resource Management is the efficient and effective deployment for an organization's resources when they are needed and these are utilized to achieve objectives…
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