2. SESSION OBJECTIVES
• Get to know the basic Definition of Resource
Management.
• Deeper understanding of the concept with respect
to sustainability.
• Get Familiar with Financial and human aspect of
resource management.
• A simulation game to help us connect more to the
session.
• Wrap up/Benefits
3. INTRODUCTION AND DEFINITION
When we hear Resource Management, what
normally comes to our mind?
Think deeply before you answer and come up with
what you understand from the word!!!
Prepare your mind for the smooth ride
4. INTRODUCTION AND DEFINITION
The process of using a company's resources in the most
efficient way possible. These resources can include
tangible resources such as goods and equipment,
financial resources, and labor resources such as
employees. Resource management can include ideas
such as making sure one has enough physical resources
for one's business, but not an overabundance so that
products won't get used, or making sure that people are
assigned to tasks that will keep them busy and not have
too much downtime.
5. INSIGHTS AND KEY UNDERSTANDING IN
RESPECT TO SUSTAINABILITY
In organizational studies, resource management is the
efficient and effective deployment of an organization's
resources when they are needed. Such resources may
include financial resources, inventory, human skills,
production resources, or information technology (IT). In
the realm of project management, processes, techniques
and philosophies as to the best approach for allocating
resources have been developed. Resource management
is a key element to activity resource estimating and
project human resource management.
6. INSIGHTS AND KEY UNDERSTANDING IN
RESPECT TO SUSTAINABILITY
Lets clearly look at our different entities and re-
evaluate our operations and how we manage our
Resources to really sustain us and justify what we do.
With special interest to the two that mostly relate to us
on daily basis namely:
• FINANCIAL
• LABOUR(Human)
7. FINANCIAL RESOURCE MANAGEMENT
How effective do Our resources sustain our operations???
If your answer is yes, how come we complain of finance and keep
marketing for money whenever we have a task to execute?
Remember at the beginning of each year, top companies and
organizations do budget and also allocate it accordingly while
declaring profit at the end of the year.
Now think deeply and bring out the similarities and differences
between you as AIESEC and these Organizations.
8. FINANCIAL RESOURCE MANAGEMENT
Financial Resource Management is focused on improving the
organization’s ability to apply
financial resources to fund resilience activities while helping the
organization to actively
manage the cost and return on investment of these activities.
The organization establishes a
plan for defining financial resources and needs and assigning
these resources to resilience
activities. Budgets are established, funding gaps are identified,
and costs are tracked and
documented.
9. FINANCIAL RESOURCE MANAGEMENT
Through effective financial management, the organization
establishes its ability to measure return on resilience
investments through calculating “risk versus reward” and by
identifying cost recovery opportunities. In short, financial
resource management provides for the possibility that
resilience activities can become investments that the
organization uses to move its strategic objectives forward and
that can be recouped through improved value to stakeholders
and customers.
10. HUMAN RESOURCE MANAGEMENT
Again lets refresh our memories!!!
How many staffs do we think a branch of BICEC has in a particular period of time?
From your answer, compare it with the no of members you have in your entity after
recuitment. Its getting exciting right?
Lets move on then, why do we complain of members? Why do we achieve less results
and rarely meet our set goals?
Finally on the average, what are the ratio of TMPs and TLPs driving GCDPs and GIPs
for the organization in your respective entities?
11. HUMAN RESOURCE MANAGEMENT
This is the science of allocating human resources among various
projects or business units, maximizing the utilization of available
personnel resources to achieve business goals; and performing the
activities that are necessary in the maintenance of that workforce
through identification of staffing requirements, planning and oversight of
payroll and benefits, education and professional development, and
administering their work-life needs. The efficient and effective
deployment of an organization's personnel resources where and when
they are needed, and in possession of the tools, training and skills
required by the work.
12. THE RESTAURANT GAME
The RESTAURANT GAME is a single-period simulation that provides participants with
the opportunity to plan and implement a strategy in a competitive environment. The
game includes an auction in which players bid for raw materials. This auction can result
in players’ making tactical changes to planned strategies in response to conditions
created by the auction. After the players have obtained their necessary raw materials,
they create meal menus that are the source of company profits. During the allocation
process, integer programming is applied, and the instructor can demonstrate how
mathematical modeling leads to optimal solutions. The RESTAURANT GAME provides
a rich environment that can be explored in a single period or multiple periods according
to the instructor’s goals.
14. BENEFITS
• Achieve complete visibility into resource utilization, skills
profiles, bookings and more
• Reduce your dependence on resource management
spreadsheets with real-time tracking of skills and availability and
centralized, up-to-date, searchable resource profiles
• Automate resource management requests and bookings with
customizable workflows
• Manage a single, dynamic, global pool of resources to optimize
projects teams, regardless of physical location
• Accurately forecast staffing needs and improve employee
utilization rates.
Trying to awaken the delegates as to how resources are meant to bemanagedtherebyleading to delivery and achieving of set goals withevenlimited no of members as regards TMPs and TLPs
Its time to play a game that will help us connect the dots: Pay attention in order to stick to the rules and guidelines.
