What does 'Resource Management' mean?

The process of pre-planning, scheduling, and distributing your resources to maximum efficiency is known as resource management. A resource is anything that is required to complete a task or project, such as staff skill sets or software adoption. Depending on the type of project, there are many different types of resource management. For example, suppose you're hosting an event. In that case, some resources include scheduling event workers, deciding which vendors to utilize for promotional materials, investing in software that allows guests to register, and budgeting for anything from freebies to catering. Resource management is all about doing more with less when it comes. Therefore, the focus of resource management is on efficiency and optimization.