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What is resource management?

Resource Management is using resources efficiently and effectively.

While we talk of efficiency, we have some sort of input: output ratio in our mind.

Supposing in yarn making, a 10% waste is normal. If we have 100 kg of cotton, we canproduce 90 kg of yarn, 10 kg being the normal waste. If we can produce 91 kg of yarn from100 kg of cotton, we would be considered efficient for having reduced the wastage to 9%.Also, we would be considered efficient, if we use only 99 kg of cotton for producing 90kg of yarn.

 To sum up, efficiency is having more output for the same input or less input for the sameoutput. Then what is effectiveness? I t is acceptability, usefulness or suitability from theusers or market point of view. An overhead bridge may be constructed most economicallyand in record time. But it may not be effective, if few people make its use because they findan alternate route much convenient. What are Resource Management Techniques?

When we come to techniques, we would once again restrict ourselves to: Resource Loadingand Resource Leveling as follows: WHAT IS RESOURCE LOADING?

While making a budget, we estimated “Cost & Quantity” of each resource. I f we want toadd a room to our present setup in the university, we estimate how much money, men,

materials and machines would be required. We would further estimate cost of furnitureand gadgets for the room such as white-board, multimedia, clock, air-conditioners andtube- lights. “Resource Loading” is assigning resources to activities. It is the same as budget but brokendown in terms of activities like (a) get approval of building extension, (b) lay foundations,(c) build super-structure, (d) put on a roof, (e) plaster the walls and (g) complete finishing. The money, men, materials and machines, as given in the budget, would be re-distributedin terms of activities.

 To sum up, “Resource Loading” is the process of assigning resources for each and every

activity required for the project. WHAT IS RESOURCE LEVEL ING?

Resource leveling is a sort of adjustment. I f resources are provided as per schedule, therewould be no need for resource leveling. But when there is a mismatch between what isrequired and what is made available, we need to give priority to some activities, postpone

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