What Is Resource Management?
Resource management is the practice of planning, scheduling, and allocating people, money, and technology to a project or program. In essence, it is the process of allocating resources to achieve the greatest organizational value. Good resource management results in the right resources being available at the right time for the right work.
Resources are essential to reach your goal, whether that be completing a task or a project or helping you analyze what is necessary to do so. Resources are finances, staff, physical space, equipment, technology, and time. The goal of resource management is to use the best combination of resources to satisfy requirements while also realizing these same resources are likely in demand elsewhere in the business.
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