Resource Management
Resource management is the process of planning, allocating, and managing a company's resources—such as people, equipment, and finances—effectively. It involves ensuring the right resources are available at the right time and used efficiently to achieve project goals. Good resource management helps prevent overallocation or underutilization, leading to smoother operations and better productivity. By keeping track of resources, adjusting plans as needed, and forecasting future needs, businesses can optimize their performance, reduce costs, and successfully complete projects on time.
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