Resource Planning and its Importance
Because of the following factors, resource planning is very important:
- It helps to recognize the diverse resources available in various parts of the nation.
- It helps in the preservation of a variety of nonrenewable and finite resources.
- It helps in lowering resource waste.
Resource planning is the process of identifying, forecasting, and allocating a variety of business resources to projects at the proper time and cost. It also ensures that resources are used effectively and efficiently across the board for the organisation. Effective resource use is the art of resource management. It involves three steps.
- Resources are identified and inventoried.
- Developing a planning system with the necessary institutional infrastructure, technical know-how, and expertise to carry out resource development strategies.
- Matching the plans for resource development with the overall objectives for national development.
- For a nation like India, where the variety of resources available is immense, resource planning is important.
With such a wide variety of resources at its disposal, as illustrated below, resource planning is essential for a country such as India.
- Jharkhand, Chhattisgarh, and Madhya Pradesh all have large mineral and coal deposits.
- Although Arunachal Pradesh has an abundance of water resources, infrastructure development has not advanced significantly.
- Rajasthan has a water shortage despite having an abundance of solar and wind energy.
- Ladakh has a rich cultural history despite lacking infrastructure, water, and some essential minerals.