efficient-management

Vocabulary Word

Definition

'Efficient-management' is managing in a way that gets the most done in the least amount of time and with the least waste. Imagine you're cooking and you find the best way to chop vegetables and cook them fast, with little waste. That's efficient management.

Examples in Different Contexts

Efficient management in project management involves timely completion of projects without overshooting the budget. A project manager might report, 'Efficient management allowed us to deliver the project two weeks early and under budget.'

Practice Scenarios

Creative

Scenario:

We have a challenging deadline for this project, and we cannot compromise on the quality of our work.

Response:

I agree, efficient management of our team's time and efforts will help us meet the deadline without compromising quality.

Business

Scenario:

Given our tight budget and tight delivery timeline for the new project, we need to think strategically to ensure success.

Response:

Absolutely, efficient-management of resources and time would be key in meeting our goals.