Editing Resource management (section)

== Techniques ==
One resource management technique is [[resource leveling|resource-leveling]]. It aims at smoothing the stock of resources on hand, reducing both excess inventories and shortages.

The required data are: the [[Demand (economics)|demand]]s for various resources, forecast by period into the future as far as is reasonable, as well as the resources' configurations required in those demands, and the [[Supply (economics)|supply]] of the resources, again forecast by time into the future as far as is reasonable.

The goal is to achieve 100% [[Rental utilization|utilization]] but that is very unlikely, when weighted by important metrics and subject to constraints, for example: meeting a minimum service level but otherwise minimizing [[cost]].  A Project Resource Allocation Matrix (PRAM) is maintained to visualize the resource allocations against various projects.

The principle is to invest in resources as stored capabilities, then unleash the capabilities as demanded.

A dimension of resource development is included in resource management by which investment in resources can be retained by a smaller additional investment to develop a new capability that is demanded, at a lower investment than disposing of the current resource and replacing it with another that has the demanded capability.

In [[Habitat conservation|conservation]], resource management is a set of practices pertaining to maintaining natural systems integrity.  Examples of this form of management are [[Air#Air pollution|air resource]] management, [[soil conservation]], [[forestry]], [[wildlife]] management and [[water resource]] management.  The broad term for this type of resource management is [[natural resource management]] (NRM).