Your 15-year old relative, Jordan, hears you talking about resource management at a family event and...

Your 15-year old relative, Jordan, hears you talking about resource management at a family event and asks you to explain what that means. You very kindly offer to, after the event, compile a mind map to explain the concept, and to email it to Jordan.

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Expert Solution

Resource management is defined as the utilisation of the available resources in an effective and efficient manner . This term is generally used for the work in organisation , the resources may include human skills , finincial , inventory, priduction resources . So, in resource management the work is to arrange and allocate available resources to meet the aim of effective and efficient use .

Let's take an example of the wedding only in which we talked about this term -

In wedding , the person who was organizing the event would like to organise so that maximum benefit could occur to him interms of money without compormising with the quality of services . So, for that he needs to do optimization of resources . Example according to the guests comming he would allocate waiters proportional to that , not much because it would be waste of money and not less because it could compormise with service .

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I tried to explain in most simple manner. For more clarification kindly comment. Thank you.

Ally Wells answered 8 months ago

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