Alexandru Vornicescu

If you want to resize featured images (post thumbnails) on the fly for your posts automatically then this plugin can help you.
To take effect just open a post or page and all featured images in that post will be resized to a normal size.
This plugin can be very useful after a theme install.
It can be an alternative for Regenerate Thumbnails plugin.
I think this plugin is better because you will not need to wait before all images are resized for all different sizes, just for images that are need to resize.
The plugin will keep the original copy of all image files.

Resize Post Thumbnails

This plugin is very useful and time-saving! Works fast and doesn't need any extra steps.

Best alternative to Regenerate Thumbnails

This plugin will resize post thumbnails on the fly.

huiz

The plugin affects the uploaded image while it is uploaded. Straight 
after it is uploaded, it it resized physically to the given width. 
There is no original image left, nor made a backup. Also EXIF infor- 
mation is lost.
A lot of WordPress users or developers who use WordPress as a CMS 
and want to configurate it for easy use, would like to have an option 
to resize uploaded images. Some images come straight from digital cameras 
and exceed 4000 pixels in width. So it would be nice to reduce that to 
the max width you use inside your WordPress theme.
If you want to keep control about perfect sharp and resized images, you 
better use photo editing tools on your computer, not a script like this.
The plugin uses a class originally from Jacob Wyke (www.redvodkajelly.com).

Resize at Upload

This plugin resizes uploaded images to a given width.

Resize Post Thumbnails vs Resize at Upload