TLB 9.15.16

Resource Management, Allocation and Forecasting

A free white paper by BizMerlin

Resource management is the process of managing and using an organization's resources in an optimal fashion. A typical goal is to maximize profits, and typical constraints are that resources are not underutilized or over utilized. An organization's growth and ROI depends on the utilization of its resources. While the resources that need to be managed can be diverse, such as human resources, physical assets, financial resources, etc., it is believed that human resources are the most complex to manage, and therefore they are used as an example in this paper.

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