Resource Management for Streamlining Project Growth - Desklib

This presentation discusses the importance of resource management in project management and how it can streamline project growth. It covers the symptoms of a lack of focus, problem justification, potential solutions, and specific solutions. The specific solution presented is resource management, and the advantages of this solution are discussed. The presentation concludes by emphasizing the importance of resource management for streamlining project growth. The subject is Project Management, and the course code and name are not mentioned. The presentation is relevant to Business Fundamentals courses and colleges/universities that offer Project Management courses. Desklib offers solved assignments, essays, dissertations, and more for Business Fundamentals and Project Management courses.

Project management
Business fundament

Introduction
• Step 1: Case summary
• Step 2: Central issue
• Step 3: Problem justification
• Step 4: Potential solutions
• Step 5: Specific solution
• Step 6: Justification of
solution

Step 1: Case summary
Key events Decision Action Reaction
Increased market
demand
Diversifying the
business
Entry into
production in
aerospace
Demand to change
organizational
structure
Decreased funding
on procurement
Cost effective
operation
Reducing
investment in R&D
and targeted on
lucrative production
function
Lost the Neptune
contract

Cont….
Join the Neptune
program
Completion
within budget
and time
Hiring 35 key
employees of
Cameron
Increased
employee cost
and
dissatisfaction in
old employees
High cost of
Neptune contract
Reducing
operational cost
Laid-off 700
employees
Strike

Step 2: Central issue
• Main issue
lack of focus
Symtoms
• Delay in project

Cont…
• lower productivity
• Poor communication and
collaboration
• Inefficient hiring and
employee’s dissatisfaction
• Increased project cost

Step 3: Problem justification
• Lack of management focus
– Inconsistent
operation
– Ineffective decision
making

Poor communication
• Lack of collaboration
• Poor performance of project
team
• Low employee well-being

Lack of engagement of project team
• Poor productivity
• Participate in project
activities with lower
commitment

Poor management of resources
• High employee cost
• The organization was unable
to manage the financial
resources
• Inappropriate strategies for
managing human resources
• Poor inventory management

Step 4: Potential solutions
• Increasing involvement of managers of different
departments
–Involved them into decision making
–Encourage to work with restricted budget
–Provide opportunity to take some
decision dependently

Appropriate strategies for managing resource
• Adequate analysis of
resources competences
• Increase focus on staffing
• Appropriate management of
financial resources

Skill development
• Enhancing the problem
solving skills
• Provide training and
coaching
• Promoting competent
personnel at high position
to increase the learning

Effective communication
• Organizing meeting with
all the team members at
the initial stage
• Increase awareness for
potential issue of project.
• Timely assessment the
progress of project

High focus on core operation
• Put the high focus on core
activities
• Provides strength to the
business
• Increase the attention
inventory management to
reduce the overhead cost

Step 5: Specific solution
Resource management

Step 6: Justification of solution
• Resource management
–Advantages
• Appropriate planning

Cont….
• Reduces overall cost of
project
–Resource utilization
–Low cost
–Avoid hiring of
unnecessary resources

Cont…
• Streamline growth of
project
• Appropriate scheduling
in the different task
• Athough, skilled
personnel is crucial.

Cont…
Resolve the conflicts and
risk
–Establishing clear
understanding
–Assess the human
resources
–Successfuly lead the
project

Cont..
Enhance the accountability
with adequate task
distribution
• Appropriate knowledge of
organizational resources
• Fast completion of project

Conclusion
• Resource management is
the for streamline growth
of project.
• Project management is
includes several activities
like human and finance
that makes its complex.

References
• Chandra, H. P., Putu Artama Wiguna, I., & Kaming, P. F. (2012).
IDENTIFICATION VARIABLES OF STAKEHOLDER SALIENCE ON
CONSTRUCTION PROJECT. International Journal of Academic
Research, 4(2).
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Publications.
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performance. European Journal of Business and Management, 5(4), 137-
147.
• Fleming, Q. W., & Koppelman, J. M. (2016, December). Earned value
project management. Project Management Institute.

Cont…
• Jun, L., Qiuzhen, W., & Qingguo, M. (2011). The effects of project uncertainty and
risk management on IS development project performance: A vendor
perspective. International Journal of Project Management, 29(7), 923-933.
• Kerzner, H. (2017). Project management: a systems approach to planning,
scheduling, and controlling. John Wiley & Sons.
• Meredith, J. R., Mantel Jr, S. J., & Shafer, S. M. (2017). Project management: a
managerial approach. John Wiley & Sons.
• Muller, R. (2017). Project governance. Routledge.
• Shields, J., Brown, M., Kaine, S., Dolle-Samuel, C., North-Samardzic, A., McLean,
P., ... & Plimmer, G. (2015). Managing employee performance & reward: Concepts,
practices, strategies. Cambridge University Press.
• Zulch, B. (2014). Leadership communication in project management. Procedia-
Social and Behavioral Sciences, 119, 172-181.