Decision Making and Resource Management
COURSE OVERVIEW
- Techniques to deal with differing view during a meeting
- Distribute records for meeting
- Identify and develop objectives
- Formulate a plan to meet the objective
- Implement the plan
- Monitor activities
- The concept of budgeting pertinent to an area of responsibility
- Determine the element of budget in area of responsibility
- Monitor and control actual expenses against budget
- Define the problem
- Generate and implement the solution
- Evaluate the effectiveness of the solution
Effective decision making and resource management are crucial components of successful organizational operations. Decision making involves the process of identifying and choosing the best course of action among various alternatives, often influenced by data analysis, stakeholder input, and strategic objectives. It requires critical thinking, problem-solving skills, and the ability to anticipate potential outcomes.
Resource management encompasses the efficient and effective deployment of an organization’s resources, including human, financial, and physical assets. This involves planning, allocating, and monitoring resources to ensure that organizational goals are met while minimizing waste and maximizing productivity.
Together, these disciplines enable organizations to navigate challenges, optimize performance, and achieve sustainable growth. By integrating data-driven insights with strategic planning, leaders can make informed decisions that enhance operational efficiency and drive long-term success