ABSTRACT

This chapter discusses resource management for the integrating business management processes. The additional responsibility of the financial manager is to monitor the utilisation of funds and to obtain necessary funds to finance the resources. Resources can include, but is not limited to: natural resources; tangible resources, e.g. physical resources such as measuring and monitoring devices; intangible resources, e.g. intellectual property; future resources for continual improvement; organisational resources; Information Technology resources; Human resources; and financial resources. Department Managers identify physical, human and financial resources needed to maintain a high level of performance, continually improve the effectiveness of the management system and enhance customer satisfaction by meeting organisation’s objectives.