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Resourcing Meaning: Definition, Examples, and Translations

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resourcing

[rษชหˆsษ”หrsษชล‹ ]

Definition

Context #1 | Noun

business management

Resourcing refers to the process of allocating and managing the resources required for a project or operation. This includes determining the necessary manpower, materials, and financial resources needed to achieve specific objectives. Effective resourcing is critical for ensuring that a project can be completed on time and within budget. Companies often assess their current resources and needs to optimize efficiency and productivity in their operations.

Synonyms

allocation, management, provisioning.

Examples of usage

  • The project was delayed due to poor resourcing.
  • Effective resourcing is vital for project success.
  • The team focused on strategic resourcing for the upcoming quarter.

Translations

To see the translation, please select a language from the options available.

Interesting Facts

Business Management

  • Effective resourcing is critical for project management and can greatly influence the success or failure of initiatives.
  • In agile methodologies, resourcing is adapted dynamically to respond to project changes and optimally allocate skills and tools.
  • Modern businesses use software tools to track and allocate resources efficiently, making real-time adjustments as needed.

Psychology

  • Individuals who excel at resourcing tend to be more adaptable and resourceful, skills regarded as vital in today's fast-paced environments.
  • Cognitive load theory suggests that managing resources effectively can reduce stress and increase productivity in the workplace.
  • Research indicates that people who can creatively find and utilize available resources often have higher problem-solving skills.

Education

  • In academic settings, 'resourcing' refers to the process of providing students with the materials and support they need to succeed.
  • Educators emphasize teaching students how to identify and utilize resources effectively to boost their learning outcomes.
  • Resourcing in education includes library services, technology access, and tutoring, which can enhance a studentโ€™s academic journey.

Sustainability

  • In the context of sustainability, resourcing refers to the responsible use and management of natural resources.
  • Initiatives that focus on resourcing aim to minimize waste and encourage the recycling and repurposing of materials.
  • Organizations are increasingly adopting circular economy principles, which emphasize the importance of resourcing for sustainable growth.

Origin of 'resourcing'

Main points about word origin

  • The term derives from the word 'resource', which comes from the Latin 'resurgere', meaning 'to rise again'.
  • It gained popularity in the mid-20th century as businesses began to focus more on effective use of available materials and manpower.
  • The shift in meaning emphasizes not only the supply of materials but also the strategic management of human and financial assets.

The term 'resourcing' is derived from the word 'resource', which traces its origins to the Middle French word 'ressource', meaning 'to rise again, to recover'. The word 'resource' entered English in the early 18th century, originally used in the context of economics and supply management. The modern use of 'resourcing' as a noun emerged in the late 20th century alongside the growth of project management and strategic planning disciplines. This evolution reflects a shift in focus toward the efficient management and allocation of resources within companies and organizations to meet specific objectives and enhance productivity.

Word Frequency Rank

This word's position of #33,778 indicates it's among the more rare English words. While understanding it broadens your vocabulary, focus on more common words first.