People are also Resources: The most critical point to keep in mind about resource management is that people are ultimately responsible for project success. Soft skills such as communication, leadership, and emotional intelligence are required to communicate successfully with team members and inspire and motivate them. Principles of Team Management: It's crucial to foster a sense of teamwork to bring all resources on a single plane of comprehension. This helps in increased productivity and creativity, as well as a reduction in the likelihood of errors. Principle of Allocation: Ensure that the right resources are allocated to the appropriate tasks.