What is Resource Planning? Why is it Essential? Explain Any Two Reasons

By Mandeep Kumar|Updated : September 5th, 2022

The planning that is widely accepted for judicious use of resources is called resource planning. It is essential for the sustainable existence of all forms of life. It is a complex process that involves the identification and inventory of resources, evolving a planning structure, and matching the resource development plans with overall national development plans.

Two Reasons for Resource Planning

Management of resources had been the main concern of leaders and thinkers in the past. Following are the two reasons for resource planning: 

  1. Resource planning will lead to the equal distribution of resources which is essential for sustained quality of life and global peace.
  2. It is necessary to avoid irrational consumption of resources, over-utilisation of resources, and socio-economic and environmental problems.

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FAQs related to Resource Planning and its Importance

  • The strategy to consume resources in a planned manner such that the quality of life and global peace are sustained is called resource planning.

  • Resource planning is important for the judicious use of resources, they can contribute to development accompanied by appropriate technological development and institutional changes, etc.

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