Editing Resource management (section)

{{Short description|Efficient and effective deployment of an organization's resources when they are needed}}
{{other uses}}
{{business administration}}
In [[organizational studies]], '''resource management''' is the efficient and effective development of an organization's resources when they are needed. Such resources may include the financial resources, inventory, human skills, production resources, or [[information technology]] (IT) and natural resources.

In the realm of [[project management]], processes, techniques and philosophies as to the best approach for allocating resources have been developed.  These include discussions on functional vs. cross-functional [[resource allocation]] as well as processes espoused by organizations like the [[Project Management Institute]] (PMI) through their [[Project Management Body of Knowledge]] (PMBOK) methodology of project management. Resource management is a key element to activity resource estimating and project human resource management. Both are essential components of a comprehensive project management plan to execute and monitor a project successfully.<ref>{{cite book|title=A Guide to the Project Management Body of Knowledge, Third Edition|year=2004|publisher=Project Management Institute (PMI)|location=Newtown Square, Pennsylvania|isbn=1-930699-45-X|url-access=registration|url=https://archive.org/details/guidetoprojectma00proj}}</ref><ref>{{cite book|title=A Guide to the Project Management Body of Knowledge, Fourth Edition|year=2008|publisher=Project Management Institute (PMI)|location=Newtown Square, Pennsylvania|isbn=978-1-933890-51-7|url=https://archive.org/details/pmbokguide4thedition/mode/2up}}</ref><ref>{{cite book|title=A Guide to the Project Management Body of Knowledge, Sixth Edition|year=2017|publisher=Project Management Institute (PMI)|location=Newtown Square, Pennsylvania|isbn=978-1-62825-184-5|url=https://archive.org/details/pmbok6thedenglish/mode/2up}}</ref> As is the case with the larger discipline of [[project management]], there are [[list of resource management software|resource management software]] tools available that automate and assist the process of resource allocation to projects and portfolio resource transparency including [[supply and demand]] of resources.