Catherine D.

Ollinas BME 2 FSA (2:30-4:00 PM)

BSHM – 4A Prof. Anna C. Del Rosario
WEEK 15 - MODULE

FUNCTIONAL-LEVEL RESOURCE MANAGEMENT

Functional-level resource management is a critical aspect of strategic management within an

organization. It involves managing the various resources, including human, financial,
physical, and technological, at the departmental or functional level to achieve the
organization's objectives. Here's an overview of functional-level resource management:

1. Human Resources Management:

• Recruitment and Talent Acquisition: Ensuring that the right people are hired for
specific roles to meet the functional objectives.
• Training and Development: Providing employees with the necessary skills and
knowledge to perform their roles effectively.
• Performance Management: Monitoring and evaluating employee performance,
providing feedback, and addressing any issues or areas for improvement.
• Compensation and Benefits: Managing salaries, benefits, and incentives to attract and
retain talent.
• Workforce Planning: Aligning the workforce size and composition with the functional
objectives and organizational strategy.
2. Financial Resource Management:
• Budgeting: Developing and managing budgets for the functional department, ensuring
that expenditures align with departmental goals.
• Cost Control: Implementing cost-saving measures to maximize the efficient use of
financial resources.
• Financial Reporting: Preparing financial reports and analyses to assess the financial
performance of the functional area.
3. Physical Resource Management:
• Inventory and Supply Chain Management: Managing the procurement, storage, and
distribution of physical resources like raw materials, supplies, and equipment.
• Facility and Asset Management: Ensuring that facilities and assets are maintained and
used efficiently.
4. Technological Resource Management:
• Information Technology Management: Managing technology infrastructure, software,
and hardware to support functional operations.
• Research and Development: Allocating resources for research and development
activities to drive innovation and improve processes.
5. Time Management:
• Time Allocation: Ensuring that time and efforts are allocated to activities and tasks
that align with functional objectives.
• Task Prioritization: Prioritizing tasks based on importance and deadlines.
6. Resource Allocation:
• Resource Distribution: Allocating resources such as employees, funds, and technology
to specific projects, tasks, or activities within the functional department.
7. Risk Management:
• Identifying Risks: Recognizing potential risks and challenges that may affect the
achievement of functional objectives.
• Risk Mitigation: Developing strategies to mitigate risks and prevent adverse impacts.
8. Communication and Collaboration:
• Interdepartmental Collaboration: Collaborating with other functional areas within the
organization to ensure that resources are used efficiently and to achieve cross-
functional objectives.
• Communication: Ensuring that information and resource needs are effectively
communicated within the functional department and to other relevant stakeholders.
9. Performance Measurement:
• Key Performance Indicators (KPIs): Establishing and monitoring KPIs to assess the
effectiveness and efficiency of resource management and overall performance within
the functional area.
• Continuous Improvement: Identifying areas for improvement and implementing
changes to enhance resource management processes.