RESOURCE MANAGEMENT Meaning and
Definition
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Resource management refers to the strategic planning and allocation of available resources in order to efficiently and effectively meet objectives and optimize outcomes. It involves the systematic process of identifying, organizing, and overseeing various resources, including personnel, finances, equipment, and materials, to ensure they are utilized in the most productive and beneficial manner.
In business contexts, resource management encompasses the careful analysis and coordination of human and non-human resources to achieve organizational goals. This includes tasks such as workforce planning, workflow optimization, budgeting, procurement, and asset management. The aim is to align resources with specific projects or tasks, taking into account their availability, capacity, cost, and suitability, to enable smooth operations, minimize waste, and maximize results.
Resource management is also a crucial aspect of environmental conservation and sustainable development. It involves the responsible use and preservation of natural resources such as water, forests, minerals, and energy sources. This includes practices like resource planning, conservation, renewable energy adoption, recycling, and waste management to ensure long-term viability and minimize negative environmental impacts.
Additionally, resource management can refer to the allocation and administration of resources within the framework of government and public administration. It involves budgeting, policy-making, and regulatory decisions related to public expenditure, public services, infrastructure development, and community welfare.
Overall, resource management encompasses the planning, coordination, and supervision of various resources across different sectors to optimize efficiency, productivity, and sustainability.
Common Misspellings for RESOURCE MANAGEMENT
- resource-managemenjt
- eesource management
- desource management
- fesource management
- tesource management
- 5esource management
- 4esource management
- rwsource management
- rssource management
- rdsource management
- rrsource management
- r4source management
- r3source management
- reaource management
- rezource management
- rexource management
- redource management
- reeource management
- rewource management
- resiurce management
Etymology of RESOURCE MANAGEMENT
The word "resource" originates from the Latin word "resursus", which means "a source of help or support". It later evolved into the Old French term "ressource" with a similar meaning.
The term "management" can be traced back to the Latin word "manus", meaning "hand", and "agere", meaning "to lead or direct". It eventually evolved into the Old French term "ménagement" during the Middle Ages, signifying "the act of handling or controlling".
When combined, "resource management" refers to the process of planning, organizing, and controlling resources in order to meet specific goals or objectives efficiently. The term likely emerged in the field of business and expanded to encompass various disciplines, such as project management, natural resource management, and human resource management.
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