What is Family Resource Management and why it is important?

Family Resource Management unlocks the complexity of family decision making; the concepts and the underlying explanations of family behaviors: Understanding of the major management principles and frameworks with emphasis on the managerial processes: decision making; goal setting; maintaining standards and developing …

What are the 3 types of family resources?

Family resources are the means that can be used by the family to cope with difficult situations; these include social, cultural, religious, economic and medical resources.

What does family resource management consist of?

Family Resource Management addresses the management of resources from a family systems perspective and focuses on not just the individual that makes a decision but the impact those decisions have on the family unit.

How do you manage resources?

Top 12 Resource Management Best Practices

  1. Understand which resources are in short supply and focus on them.
  2. Agree on a common approach to prioritizing work across shared resources.
  3. Embrace different ways of working across the organization and resources.
  4. Realize resource management is an ongoing process.

What is family need and resources?

FAMILY NEEDS AND RESOURCES. Needs are those essential or very important things that the family cannot do or live without. They are regarded as basic or primary needs of any family like food , shelter, clothing and health.

What are the factors affecting the management of family resources?

Factors Affecting the Resource Use

  • Size of Income. Money is a very versatile resource.
  • Socio-Economic Status: Social status indicates.
  • Occupation:
  • Gainful Employment of the Homemaker:
  • Size and Composition of the Family:
  • Motivation!
  • Education:
  • Family Heritage and Cultural Background:

Is it necessary to manage the family resources?

Money and material possessions are easiest to identify as important family resources; however, the human resources available among all family members are just as important, if not even more essential, to the family’s survival and maintenance.