Analyzing Resource Management, Tech, and Project Skills at Intel

This report examines resource management practices at Intel Corporation, focusing on how the company maximizes its resources to achieve business success. It explores the resources needed by organizations in various business sectors, highlighting Intel's utilization of physical, human, intellectual, and financial resources. The report further describes new technologies available to organizations, such as advanced software and tracking systems, and explains their use by Intel to innovate and manage operations. Additionally, it identifies key skills needed by successful project managers, including teamwork and communication skills, and describes the three-stage project cycle. The importance of identifying and ranking a project's critical factors is emphasized, along with an explanation of project management tools and the purpose of project evaluation and review. Desklib offers similar solved assignments for students.

Maximizing Resources to
Achieve Business
Success

INTRODUCTION
Resource Management refers to the way in which the resources should be used which
will help in ensuring that the work of the organizations can be managed well which will help in
managing the work in a proper and appropriate manner (Al Amin and Maina, 2020). The
enhancement in the overall level of efficiency and effectiveness can be done when its use is
made which will therefore help a lot of companies. Therefore, for the organizations it is quite
important that they make its proper and right use which will therefore help them a lot in the
future and will help in ensuring a better management of the operations. Intel has been considered
for this report. It is an American multinational company which provides its products to the
different customers in the market. In this report, the focus will be made on the way in which its
use has to be carried out so that the resources are used quite properly and appropriately.
TASK 1
1.1: Explain the resources needed by organisations in different business sectors of the economy
To run a business there is need to have proper resources and capital that
used by organization to manage all functions and increase profitability. The
resources in relation to business considered as basic factors of production,
and inputs in to production process that are used operate and accomplish
goals. It has seen that company’s resources require to organized and
planned as it supports what needs to do and how each function could
perform well. In business environment there are different sectors such as
telecommunication, Pharma, construction, Food & beverages, education and others
that all needs resources which can help to develop business productivity. INTEL is the large size
semiconductor chip manufacturer that serve many countries by providing better quality of
products. This organization needs various resources that are as explained below:
Physical resources – This means tangible assets, uses by organization to create value
offering and proposition to its customers. This involves equipment, inventory, building,
manufacturing plant and distribution network that needs in all business sector for running
business. INTEL is having a good amount of land, building, manufacturing plant and others that
used to operate business (Elbanna, and Abdel-Maksoud, 2020).
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Human resources – Employees are the considered most wanted assets of organization who
understand goals and contributes in each functions. This is important for an industry to have
enough and skilled human resources as they get ready to work properly. INTEL is having skilled
and talented human being who understand organizational goals and give their contribution to
complete task in certain period of time that provide competitive advantages.
Intellectual resources – This can be explained as non-physical and intangible resources in
nature that can help to regulate the business properly. This involves patent of product, brands,
and copyright that are used to creating awareness of people and manage performance. In relation
to INTEL, customer data and customer knowledge that used to retaining people at the workplace
and increase performance (Al Amin, and Maina, 2020).
Financial resources – This mainly involves cash, credit, loans and others that can be used to
buy raw material, establish a business, and running it properly that can help to run a business. In
relation to INTEL, management uses financial resources for the purpose of buying equipment,
inventory and maintaining capital investment that supports to attain business goals.
TASK 2
Covered in PPT
TASK 3
3.1: Description of the new technologies available to organizations
Technology is dynamic and therefore it can change very quickly. Therefore, it becomes
quite important that its use should be made for attaining the goals and objectives (Benoit,
Lessmann and Verbeke, 2020). It is crucial that the technological needs and requirements are
managed well which will be helpful for the organizations. Therefore, the new technologies which
are available to organizations are as follows-
 Advanced Software- Through making its use, the organizations can ensure that they can
manage the wide range of needs and requirements appropriately. Intel has Advanced
Software which is available for it and this can be quite helpful and useful for the
attainment of goals and objectives.
 Tracking System- The use of a tracking system can be made by the firms to track the
movement of goods and thus this is quite helpful for them. This can therefore help them a
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lot (Bradbury, Mitchell and Thorn, 2021). The needs and requirements will be managed
by the organizations in a proper manner through making its use.
Intel will be able to make sure that it manages the needs and requirements in a proper
manner which will help it a lot.
3.2: Explanation of the use of new technologies by the organizations
Organizations are required to make sure that they can use the new technologies which can
help them a lot in ensuring that the goals and objectives are attained quite properly and
appropriately (Dibaj, S.R., Miri, A. and Mostafavi, S., 2020). Therefore, In this way Intel can
make sure that it can attain its goals and objectives in the future. The way in which the use of
new technologies can be made by the company is explained as follows-
 Intel can make sure that through making the use of Advanced Software it is able to
Innovate and bring out the new products in a right way. This will be helpful for the
company for attracting the customers.
 Through making the use of Tracking System, Intel can make sure that it is able to keep a
detailed track on the inward and outward movement of the goods. In this way, the
company will be able to ensure that it attains the goals and objectives quite properly
which will therefore help it a lot.
Thus, For the company it is therefore quite crucial and important that it attains the goals
and objectives which will therefore help it a lot.
TASK 4
4.1: Identification and Explanation of the key skills which are needed by a successful project
manager
For managing a project successfully, there is a requirement of the different types of skills
form a successful project manager (Duarte Alonso, Kok and O’Brien, 2020). For the purpose of
management of the project-related needs and requirements the project manager should ensure
that these skills are used appropriately so that they can be highly helpful in attaining the
necessary goals and objectives. These skills are explained as follows-
 Teamwork skills- It is quite important that the project manager is able to display the
teamwork skills in quite a proper and appropriate manner (Elbanna and Abdel-Maksoud,
2020). Therefore, in this way the Project Manager at Intel will be able to make sure that
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through displaying the appropriate teamwork the needs and requirements can be managed
which will be ensure that the project can be made successful.
 Communication Skills- A Project Manager must make sure that the right use of these
skills should be made so that the communication which is related with the project can be
managed well. Thus, it is highly necessary as well as important for the Project Manager
that through making the use of these skills the communication can be carried out in a
right and proper way which will thus help in appropriately attaining the goals and
objectives in the future quite effectively and efficiently. In Intel, the Project Manager
should be able to make sure that these skills are used quite appropriately which will help
it a lot in attaining the goals and objectives and help in taking the project towards the
attainment of success in a right manner.
4.2: Description of the Three Stage-Project Cycle
A Three Stage-Project Cycle is the one in which there are different types of stages and
therefore it is quite important and necessary that a right and proper analysis of these particular
stages can be made which will help a lot in deriving the conclusions and recommendations
(Gupta and et.al., 2020). For Intel, it is important that it is able to make its right use because this
will be quite helpful for it in ensuring that it can increase the overall efficiency and effectiveness
level and will therefore help it a lot in a right and proper way. There are different types of stages
in this particular cycle. The explanation of these particular stages can be made in the following
manner-
 The Early Stage- In this stage, the detailed and proper planning which is related with the
project is done so that the project can be initiated in a right way. Therefore, it is quite an
important stage for Intel so that it can initiate its project in a proper manner. In this way,
the proper attainment of the necessary goals and objectives can be done which will be
highly useful for the organization.
 The Implementing Stage- In this stage, the preparation regarding the implementation of
the project can be carried out. It is an important stage for Intel because in this way the
company will be able to make sure that the implementation of the project can be done in
quite a right manner.
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 The End of the Stage- In this stage, the project reaches its closure point. Therefore, it
can be stated that the Project Manger here is required to make sure that the project can be
managed in such a manner so that the project can become successful in the future.
4.3: Explanation of importance of identification and ranking of a project's critical factors
There are various types of critical success factors in Project Management. Therefore, it is
quite important that the identification of these particular factors can be carried out in quite a
proper and appropriate manner (Ibrahim, 2021). Thus, these factors are as follows-
 Formally established project managers with necessary skills and authority- They are
quite important because through them the project can be made successful in the future.
Therefore, in Intel they can be helpful and important so that the needs and requirements
can be managed well.
 Clearly set and widely understood project goals- They are also important because by
setting them the different types of Project Managers can make sure that they can
effectively and efficiently attain the goals which can be set in the future in a proper and
appropriate manner. Therefore, in Intel they are quite crucial so that the overall efficiency
and effectiveness level can be raised.
 Competent and experienced project teams- They are quite crucial because through
them the project can attain the desired level of success in the future (Konietzko and et.al.,
2020). This will therefore help these teams a lot and will be helpful in ensuring a proper
and detailed management of the needs and requirements.
 Top Management Support- It is also crucial that the support of the Top Management is
available with the organizations so that they are able to make their project successful in
the future. In Intel, it can be stated that in this way it will be highly helpful for attaining
the goals and objectives.
4.4: Explanation of the tools used for managing projects
Different types of tools can be used for the purpose of managing the projects in a proper
and appropriate manner (Moktadir and et.al., 2020). Network Diagrams, Critical Path Method,
Gantt Charts, Project Evaluation and Review Technique, Work Breakdown Structure and Project
Documentation are the tools which can be used so that the management of the projects can be
done in such a manner so that the attainment of the goals and objectives can be done in a right
way. An organization like Intel can make sure that through the right use of these tools the
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enhancement in the overall efficiency and effectiveness can be carried out which will be quite
helpful in the future.
4.5: Explanation of the purpose and importance of project evaluation and review
It is quite important because through making its right use the detailed project
management can be carried out in quite a proper and appropriate manner. It is quite important for
the organizations (Qamari, Dewayani and Ferdinand, 2019). In Intel, it is necessary and
important that the project evaluation and review can be carried out so that the success of the
project can be ensured in a proper and appropriate manner. In the context of Intel, it is highly
crucial that it is given importance so that the company is able to make its project successful.
TASK 5
5.1: Explanation of terms excellence and quality and impact of these concepts on organizations
Excellence- It means the talent which is unusually good and therefore surpasses the
ordinary standards (Saide and Sheng, 2021). Its impact on the organization is that it can lead
towards ensuring that the best products can be provided to customers for attaining the standards.
Thus, it is quite important for Intel.
Quality- Quality refers to being suitable for its intended while ensuring the satisfaction
of the customer expectations (Taherdoost and Madanchian, 2020). Therefore, it can be stated that
it is quite important and crucial for ensuring that the needs and requirements can be fulfilled. It
creates an impact on the organization because it can help in ensuring a higher-level of
satisfaction for the customers. Thus, it is quite necessary for Intel.
5.2: Description of the tools and techniques which can be used by organizations for ensuring the
quality of products and services
Organizations can make sure that they make the use of tools and techniques for attaining
the goals and objectives. An explanation of these tools and techniques can be provided in the
following manner-
 Flowcharts- It can be used to show the logical steps in a process. Therefore, Intel can
make its use so that it can ensure an enhancement in the overall level of satisfaction in
quite a proper and appropriate manner. Thus, the enhancement in the efficiency and
effectiveness level can be done by the company which will help it a lot in attaining goals
and objectives.
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 Check Sheets- They are used for the particular purpose of organizing the information so
that data gathering can be done. Therefore, In this manner it can be stated that a company
like Intel can make sure that through making their use it can take the various types of
appropriate decisions in a right way quite effectively and efficiently.
 Pareto Diagrams- A Pareto chart or diagram is a histogram which is based on Pareto's
principle which states that a large number of defects or problems can be caused by a
small number of causes. For Intel, it is therefore quite crucial and important that their use
should be made specifically so that the necessary improvements can be made.
 Histograms- It is a vertical bar graph which represents the frequency of each measured
category of variable (Zhang and et.al., 2020). In the context of Intel, it is therefore quite
important that their use can be made in quite a proper and appropriate manner. Therefore,
in this way it can be stated that this will lead towards bringing of the necessary
improvements which will be highly helpful for the management of the different types of
needs and requirements in quite a proper and appropriate manner.
 Control Charts- Their use is made so that the determination of the processes in or out of
statistical control can be made. Therefore, it can be stated that their use is required to be
made so that the various types of goals and objectives can be attained. This will be useful
in bringing out the improvements which are quite important. For Intel, they are thus quite
important.
 Scatter Diagrams- In it, the plotting of two variables i.e. the independent variable and
the dependent variable can be done to show the graphical relationship between them.
Therefore, it can be stated that their use can be made by Intel so that it can identify the
scope through which it can make the desired level of improvements in quite a proper and
appropriate manner.
Thus, Intel is required to ensure that through the use of these tools and techniques it can
ensure that the quality of products and services can be maintained by it and this will therefore
help it a lot in targeting an enhancement in the overall level of revenues and thus this will be
useful in bringing a detailed enhancement in the overall level of profits which will therefore help
it a lot.
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CONCLUSION
From the above report, it can be concluded that Resource Management means the
methods and techniques through which the needs and requirements are managed in a proper and
appropriate way. Therefore, it can be used properly so that the right level of progress can be
made in the future which will be quite important for the purpose of enhancing the overall level of
efficiency and effectiveness level and will thus be quite helpful in ensuring that the resources can
be used considerably well. Thus, it can be stated that by making its use the goals and objectives
can be identified. This will help in ensuring that the organization becomes successful in the
future.
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