Say you’re stranded on an island. What three things would you want with you?
Got your items? Well done — you’ve just practiced resource management. You have a goal (to survive), and you must decide how to accomplish that goal with as few resources as possible (three items).
In business, however, it’s not always that simple. Resource management requires a thorough understanding of and transparency into your objectives and capacity. By establishing a good process for resource management planning, you’re maximizing efficiency and overseeing the utilization of those resources.
What is resource management?
So what is resource management? Resource management is the process of pre-planning, scheduling, and allocating your resources to maximize efficiency.
A resource is anything that is needed to execute a task or project — this can be the skill sets of employees or the adoption of software. For example, if you’re planning an event, a few resources…



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