What is resource management?

Resource management refers to the strategic planning, allocation, and utilization of resources within an organization. It involves identifying and acquiring the necessary resources, such as personnel, equipment, materials, and financial assets, to support the successful execution of projects, operations, and business activities. Resource management aims to optimize resource allocation by matching resource availability with demand, ensuring that the right resources are assigned to the right tasks at the right time. Effective resource management allows organizations to maximize efficiency, minimize costs, and achieve their goals by ensuring that resources are utilized optimally and aligned with strategic objectives.