⊿ Point. {R} Glossary. ◢ Keyword: R. ◥ University. {q} PhD. {tr} Training. ⚫ UK. ⚫ England. ↂ EndNote. {q} NS: BPM. Resource. The concept of resources has been applied in diverse realms, including with respect to economics, biology and ecology, computer science, management, and human resources, and is linked to the concepts of competition, sustainability, conservation, and stewardship. In application within human society, commercial or non-commercial factors require resource allocation through resource management. Economic resources[edit] In economics a resource is defined as a service or other asset used to produce goods and services that meet human needs and wants.[3] Economics itself has been defined as the study of how society manages its scarce resources.[4] Classical economics recognizes three categories of resources, also referred to as factors of production: land, labor, and capital.[5] Land includes all natural resources and is viewed as both the site of production and the source of raw materials.
Labor or human resources consists of human effort provided in the creation of products, paid in wage. Resource Management. In organizational studies, resource management is the efficient and effective development of an organization's resources when they are needed. Such resources may include financial resources, inventory, human skills, production resources, or information technology (IT). In the realm of project management, processes, techniques and philosophies as to the best approach for allocating resources have been developed. These include discussions on functional vs. cross-functional resource allocation as well as processes espoused by organizations like the Project Management Institute (PMI) through their Project Management Body of Knowledge (PMBOK) methodology of project management.
Resource management is a key element to activity resource estimating and project human resource management. Corporate Resource Management Process[edit] Techniques[edit] One resource management technique is resource leveling. In addition, we can use Ishikawa diagram to analyze Man, Money, Material and Machine needed.