Process of Resource Management

Resource management

TABLE OF CONTENTS
INTRODUCTION................................................................................................................................1
TASK 1.................................................................................................................................................1
1.Analyse the resource requirement of different organisation in different sector of economy........1
2. Outline key requirements relevant to resource management in organisations in different sectors
of the economy ................................................................................................................................2
TASK 2................................................................................................................................................3
2.1 Evaluate how the use of physical resources is monitored and managed...................................3
2.2 Evaluation of the impact of resource wastage..........................................................................3
2.3 Assess the costs of high profile technological failures ............................................................4
TASK 3.................................................................................................................................................4
3.1. Need of human resources planning in the workplace...............................................................4
3.2 Theories of Motivation applied to motivate people at work......................................................5
3.3 Used for monitoring and improving employee performance.....................................................6
TASK 4.................................................................................................................................................7
4.1 Monitor the use of physical resource against performance measure and procedures................7
4.2 Analyse the data in employee performance...............................................................................7
4.2 Findings on effective use of human and physical resources......................................................8
4.2 Recommendation.......................................................................................................................8
CONCLUSION.....................................................................................................................................8
REFERENCES.....................................................................................................................................9

INTRODUCTION
Resource is everything that is needed to execute a task or project which can be skill sets of
employees or the adoption of software. Resource management is the process by which business
manage there various resources effectively. Resources can be tangible and intangible such as
people, time, equipments, materials and finances. It involves planning so that the right resources are
allotted to the rights tasks. The management of resource also ensures that the internal and external
resources are used and applied effectively on time and budget.
This present report will be carry out the research into profiled organisation representing
three different sectors which are primary (agricultural business), secondary (engineering business)
and tertiary (call cantre). Further, this report will also include the the importance of the effective use
of physical resources and way to maximise the effectiveness of human resources.
TASK 1
1.Analyse the resource requirement of different organisation in different sector of economy.
Resource management refers to the proper allocation of resources in the different business
according to requirement of different sectors. there is specific procedure for application of resource
management that is planning, organising ,proper allocation of resources and best utilization. The
resource management is necessary for the proper development and utility. The importance of
resource management to undermine the estimation of resource and project management of human
resource.
There are different categorisation of the organisation
Primary sector- the mainly aggro based industry or sector in which basically the the sector in which
harvesting of natural resources and extraction form the earth like mining, agriculture and fishing
etc. basically the agriculture sector pickup there own produce. As seen in case scenario of business
1 which is agro based business using the resources specified for there family business that is Stem.
The business have the progression in standard manner as there is requirement of physical resource
such as 50 acres of land,containers, water reservoir along with latest steel structure. Tin addition to
this there were 4 employees which were permanently hired and any of seasonal will be also hired.
Secondary sector- the secondary sector consist of the organisation that is under the manufacturing,
construction and processing industry. In the case scenario sector as it is mentioned this engineering

sector is majorly responsible for manufacturing and processing system of panels for ship, cars and
rails. Some of the raw material that can be used by this sector can be iron ore, limestone. As to
addition there is necessary requirement of technologically developed machinery to have efficiency
in production
Tertiary sector- the third sector of organisation is basically the sector that provide the services to the
economy. There are various services provides by this sector that is financial services, entertainment
and retail. As in the case scenario 3 this business is service oriented. The resources that are
mentioned in the case study is basically the skilled human resource, proper technology and
infrastructure as may this must be needed sources.
2. Outline key requirements relevant to resource management in organisations in different sectors of
the economy
Resource management is the crucial part for the development of any sector of economy. In
all the sector of economy there many be variant use of the resources so that proper growth and
development can be done. For the smooth running of an sector there is the need of proper allocation
of resources such as the professional automation software is used by different industrious in a sector
so that smooth and hazel free manner can be implemented. The manager of an organisation has to
take the serious action in development of business by proper understating of the function of
company. The management has to take proper step such as resource plan, resources breakdown
structure, responsibility assignment matrix,resources allocation and many more techniques so that
proper function and settlement of resources can be done.
As per the case scenario 1, theirs is the financial limit in the smart decision related to finance are
required. There should be effective utilization of available resource with contentious monitoring
and development. In the case scenario 2 there should be proper monitoring in managing resources
through the consideration of cash flow. There should be standardise relationship between the
suppliers and distributor so that effective working can be there. In case 3 , there should be proper
decision making in logistic,usage of effective technology and cash conversion cycle so that the
effective service can be provide to customer.
TASK 2
2.1 Evaluate how the use of physical resources is monitored and managed
The physical resource are one of the important resources that is been required for the development
or growth of any sector in an economy. There are several method to evaluate and monitor the