Good post by Frank Denneman (thank you)
A big part of resource management is sizing of the virtual machines. Right-sizing the virtual machines allows IT teams to optimize the resource utilization of the virtual machines. Right sizing has become a tactical tool for enterprise IT-teams to ensure maximum workload performance and efficient use of the physical infrastructure. Another big part of resource management is keeping track of resource utilization, some of these processes are a part of the daily operation tasks performed by specialized monitoring teams or the administrators themselves. Service Providers usually cannot influence the right sizing element, therefor they focus more on the monitoring part.
Read on here