Managing organizational resources is a comprehensive technique for businesses to take a step ahead of the market competition. A well-planned and well-deployed resource can maximize organizational capability, leading to profitability and growth. During an incident, the resource management team facilitates coordination between resources to move forward. For example, an organization undergoing change coordinates human resources with technological and financial resources to generate optimal results. Now, the question is, which resource management task enables this resource coordination throughout the incident?
How Resources are Managed?
Resources are managed with the purpose of maximizing their use in achieving organizational success. The five stages of resource management involve- planning, allocation, deploying, utilization, and monitoring and evaluation. Through resource management, organizations attain optimal value. With proper planning, resource capabilities are assessed along with the budget to ensure they meet the requirements. A properly allocated resource can deliver the right thing at the right time, amplifying its capability and upskilling its potential.
Resource utilization helps measure the efficiency of resource usage in unlocking what’s best for the organization, and resource evaluation takes a step further in identifying loopholes to fill the gaps in efficiency. The entire process of resource management is designed to maximize organizational capabilities to the fullest. By establishing coordination between resources, resource management helps firms come out of complex incidents.
Why Managing Resources are Important?
Keeping pace with today’s competitive business environment is not easy for a business. But with effective resource management, navigating this complex landscape becomes quite easy.
Resource management heightens organizational efficiency by making the best out of each resource. An enhanced quality in service or product delivery translates into great opportunities to expand boundaries, and resource management opens the door to that horizon.
Enabling Resource Coordination During an Incident
Resource management enables resource coordination through tracking and reporting during an incident. ‘Track and Report’ is the process that controls and monitors resource usage during crises. With this resource management task, resource managers track resources and their mobility across the organization. This approach is only adopted at the time of an incident, such as loss of operations, disrupted functions, and more.
Resource Tracking
Resource tracking is the process of tracking the location and usage of any resource within and outside of an organization. It also assists staff in preparing to receive the resource while they are in movement. With resource tracking, you can protect the safety of supplies, equipment, and personnel to avoid any discrepancies. Basically, this process helps to coordinate resources to ensure their mobility and efficient usage throughout an incident.
Resource Reporting
It is the process of collecting, evaluating, and communicating resource metrics. After tracking resource location, availability, and effectiveness, the status and progress of their mobility and usage are ensured with resource reporting. This helps in knowing the performance of the resources and the scope of improvements.
Tracking and Reporting as a resource management task enables resource coordination throughout the incident. The collaborative approach of this task facilitates resource utilization and development, making way for firms to progress and attain new heights in the long run.