Resource Management refers to the process of optimizing and allocating resources in a way that maximizes efficiency, productivity, and profitability. It involves identifying, acquiring, allocating, and utilizing resources such as money, time, people, equipment, technology, and information effectively within an organization or project. The goal is to ensure that the right resources are used at the right time and in the right way to achieve desired outcomes while minimizing waste and maximizing value. Resource management requires careful planning, monitoring, and control to make sure that all resources are being utilized efficiently and effectively towards achieving organizational goals.