Cost is how much money you spend to deploy a resource
Value is how much money you get back from deploying that resource
Profit is made by maximising the difference between the value obtained and the cost expended
Effective resource management is about minimising the cost of the resources expended, whilst maximising the value obtained.
Doing one at the expense of the other is not a good idea.
Now watch our video introduction to resource management
Click on Play (>) to play the video