Recent High-Performance Computing (HPC) systems are suffering from severe problems, such as massive power consumption, while at the same time significantly under-utilized system resources. Given the power consumption trends, future systems will be deployed in an over-provisioned manner where more resources are installed than they can afford to power simultaneously. In such a scenario, maximizing resource utilization and energy efficiency, while keeping a given power constraint, is pivotal. Driven by this observation, in this position paper we first highlight the recent trends of resource management techniques, with a particular focus on malleability support (i.e., dynamically scaling resource allocations/requirements for a job), co-scheduling (i.e., colocating multiple jobs within a node), and power management. Second, we consider putting them together, assess their relationships/synergies, and discuss the functionality requirements in each software component for future over-provisioned and power-constrained HPC systems. Third, we briefly introduce our ongoing efforts on the integration of software tools, which will ultimately lead to the convergence of malleability and power management, as it is designed in the HPC PowerStack initiative.