Resource planning is the process of identifying and allocating the necessary resources to complete a project or achieve specific goals. This includes managing various types of resources such as human resources, financial resources, and material resources. Effective resource planning ensures that the right resources are available at the right time, helping to optimize efficiency and reduce waste. In addition to allocation, resource planning involves forecasting future resource needs based on project timelines and objectives. By analyzing current and future demands, organizations can make informed decisions about hiring, budgeting, and procurement, ultimately leading to successful project completion and improved overall performance.