Archive for Resource Management
Resource Management Warning Flag 1 – Frequent, Inaccurate Resource Needs Estimation
All organizations face the dilemma of limited resources. Some organizations, through the use of deliberate work prioritization and sound resource needs estimation, ensure their resources are appropriately allocated to maximize the organization’s overall value. In other organizations, however, there exists an adversarial relationship between seniors and subordinates that results in inaccurate resource estimation and subsequently [...]
Read moreResource Management Best Practice 2 – Categorical Activity Prioritization
An organization’s mission defines its purpose for being. Making the mission measurable and then prioritizing those measures helps create a sense of where the organization should focus its efforts. However, prioritization at this level does not create the clarity needed for individuals making resource allocation choices between their day-to-day activities, especially if the activities all [...]
Read moreResource Management Best Practice 1 – Attract the Best with Accountability
In today’s competitive environment, it is no longer good enough to offer employees a good place to work. Rather, it is imperative a company creates a work environment where the best want to work. Only when such an environment exists will a company attract and retain the most knowledgeable, skilled, and accomplished employees; who in-turn [...]
Read moreResource Management – Introduction
“Vision without resources is a hallucination.” Old Pentagon Quote Organizations are complex creatures comprised of personnel with varying personalities, talents, needs, and aspirations. Increasing this complexity is the wide array of organizational possessions: tools and materials, physical and intellectual properties, and financial instruments. Ordering this complex collection of resources to ensure the efficient, highly engaged [...]
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