By Insights on resource management and sustainable development
Insights on resource management and sustainable development
Resources management means taking care of business resources in such a way that they won’t get depleted. It is also a method of allocating resources to get the most of organizational value. Good resource management brings out what we call having the right resources being available at the right time for the right work.
Resource management allows you to plan at any level you want. A resource is anything that is needed for a project to take place. Examples of resources in your business are; the members of staff, finances, time, technology and equipment.
For the management to be successful, you need to balance the demand of the resources against the number of available resources. At some point, you will find that some resources are shared. You must check the company’s budget and schedules to ensure that you are giving priority to those resources that are required urgently.
Importance of resource management
- Planning and scheduling
You get to know what resources are not engaged and at what time. Through this, you will avoid unforeseen hiccups.
- Measures efficiency
When a project is about to happen, you will know what is needed, where and when. Proper planning will help the project is running smoothly till the end.
- Improves projects’ profitability
Resource management helps plan the project and know what resources are required for the project to be successful. Also, you can compare the profitability that comes with putting various resources together. You then pick the combination that best maximizes the profitability.
- Resource utilization
You will know if the resources have been allocated accurately. They are not underutilized or overutilized. Resource utilization is crucial as the most used resources in a business will end up burning out.
Resource prioritization and allocation
Identifying what requires urgent and immediate attention and even the requirement of special skills.
The ultimate and most satisfying benefit of resource management is when you effectively and effortlessly deliver a customer’s project. The customers will be happy with your services, and your business will maintain loyalty as confidence is built.
- Sustainable development
On the other hand, sustainable development means being able to meet the needs of the present time without having to compromise the ability of the future to meet its own needs. It not only deals with the environment but also captures the various needs of people in different communities to ensure that a strong and healthy society is created.
Sustainable development is important as it can protect the resources of the business as it evolves.
It encourages you to conserve resources. Sustainable development aims at balancing social, environmental, and economic needs.
What are the sustainable development goals (SDGs)?
They are also referred to as Global Goals, and the United Nations developed them; they aim to bring an end to poverty, take care of the environment, and target that by the year 2030, humans will prosper and enjoy peace.
The goals include no poverty, zero hunger, good health and well-being, quality education, gender equality, clean water and sanitation, affordable and clean energy, decent work and economic growth, climate action, living on land, and responsible consumption and production.
Importance of sustainable development
- Provides essential basic human needs
The population increases day in day out, making people scramble for whatever little is available in terms of food, shelter and water. For these basic needs to be adequately provided means sustaining them for a long time. Therefore the government should use renewable sources of energy so that providing basic human needs becomes cost-effective.
- Management of climatic change
Sustainable development actions can control climatic changes. These actions aim at reducing the use of non-renewable sources such as natural gas and coal and get depleted. And also are the reason for the greenhouse gases that are emitted.
- Financial stability
Sustainable development actions can create economies that are financially stable across the world. Countries that have not fully developed and have no access to fossil fuel can opt to use renewable energy sources to sustain their economies. By the use of renewable energy technologies, the countries can create sustainable job opportunities.
- Conserves natural resources
Sustainable development aims at using environmentally friendly items, things that will conserve the environment instead of destroying it. Such as using renewable sources of energy rather than those that get depleted.
- Biodiversity
Enough biodiversity is crucial to bring about balance in the natural environment. Biodiversity is good health gives various natural services for everyone; therefore, it is very important.
Sustainable development aims to balance taking care of and preserving the environment and achieving economic progress.
Resource management and sustainable development go hand in hand. Because resources are limited in nature, human beings must find a way to survive with what is available. Therefore, sustainable development helps them solve this issue of scarce resources by helping in lasting the use of the available resources long enough.
