A method for performing dynamic resource management in a memory device, the memory device, and a controller thereof are provided. The memory device includes a non-volatile (NV) memory, and the NV memory includes a plurality of NV memory elements. The method may include: storing a plurality of sets of physical region descriptor (PRD) information related to a plurality of host commands, respectively, and storing a plurality of intermediate PRDs respectively corresponding to the plurality of sets of PRD information into a first queue; obtaining an intermediate PRD of the plurality of intermediate PRDs from the first queue, and storing the intermediate PRD into a second queue; sending a command to the NV memory according to the intermediate PRD in the second queue to access data; and when an operation of accessing the data is successful, releasing the intermediate PRD from the second queue to the first queue.