Good practice in resource management dictates that, Values, Objectives, Criteria, Monitoring and Review (or adaptation) be given special emphasis since they are important pillars of a complete resource management approach. The management of any resources for instance, a coastal lagoon with a rich fishery and beautiful beaches which is a high tourist attraction area must incorporate these five elements in a well designed management framework.
Every well managed resource brings benefits and profits to both consumers and business owners. The management of natural resources or beautiful scenes such as UNESCO’S world protected Heritages and sites are a good example of the values a site such as a coastal lagoon with a rich fishery and beautiful beaches. Resource management approaches calls for utilization of scarce resources with an aim of maximizing the gains derived from such. As a result of a well thought out design for action, the values associated with the coastal lagoon mentioned above are likely to be highlighted and therefore this is used to derive a theme which associates the coastal lagoon with important factors. As a result, the people who interact with the lagoon whether the tourists or the communities which live nearby benefit most. Therefore for a resource to be considered to be value-rated, it has to be demonstrated that indeed the activities in the lagoon return value for money for those who in any way spend money in accessing the lagoon. On the other hand, to maintain the quality of the lagoon site, some investment in form finances must be put into the lagoon which means that, the amount invested in the lagoon must not exceed that which is derived as a result of the value created by the lagoon.
According to management framework in relation to resource management the objective should be to derive maximum values and profits from the resource. This requires that, the resource be developed well in order to attract as many consumers as possible. Where a resource such as the lagoon mentioned above demonstrates that it is value-laden and the objectives of such a site conform to expectations of stakeholders then, both value and objectives as elements of a well designed management framework can be said to meet requirements and standards prescribed for resource management.
Criteria in resource management for resources such as the lagoon mentioned above highly depend on policies in place in any given jurisdiction or geographical area. Whereas the criteria of management should largely depend on organizational operational capacity, certainly, the influence of policies such as those of government must not be overlooked. In deciding the criteria to be followed in coming up with guiding policies in resource management, the scope of the resource must be looked at. In this case, the resource management process must be looked at as a project and therefore the people in charge of the process must understand well the scope of the whole project.
Since change is inevitable in any organization, improper follow up in form of monitoring and review can jeopardize the progress of such a site. This is where the expertise of knowledgeable resource managers is required so as to come up with a framework that incorporates best values in the management of such resources. Finally, the values for each resource must tally with objectives and should suit aims and goals of the organization as well as the community in which the resource lies.