“There is nothing so Useless as Doing Efficiently Something That Should Not Have Been Done At All.” -Peter Drucker
EFFICIENCY or EFFECTIVITY?
MANAGEMENT is all about the effective and efficient use of limited and scarce resources.
Yes, that is a commonly held perspective in management. Management involves making decisions and taking actions to achieve project goals efficiently and effectively. One of the fundamental challenges in management is the allocation and utilization of limited and scarce resources to accomplish those goals.
Resources in a project context can include financial budget, human resources, time, materials, equipment, and other assets. These resources are typically finite and need to be utilized in the most optimal way to achieve desired project objectives.
By effectively managing limited resources, project participants can maximize their productivity, minimize waste, and improve overall performance. This involves tasks such as budgeting, resource planning, scheduling, and monitoring resource usage to ensure that resources are used effectively and efficiently.
IN SUMMARY, management indeed revolves around the strategic and judicious use of limited and scarce resources to achieve project objectives.
