Resource management refers to the strategic planning, allocation, and utilization of various resources within an organization to optimize efficiency and achieve desired outcomes. It involves effectively managing and coordinating human resources, financial resources, technology, and other assets to meet organizational goals and objectives. This process includes identifying resource needs, acquiring and allocating resources, monitoring their usage, and making adjustments as necessary to ensure optimal utilization and productivity. Effective resource management is crucial for businesses to maximize their potential and maintain a competitive edge in the market.
