What is Resource Allocation in Project Management?
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Guide overview
Advanced Terminology
What is Resource Allocation in Project Management?
Resource allocation is the process of assigning and scheduling available resources in the most effective and economical way possible. Projects will always need resources but they can often be scarce. The task, therefore, lies with the project manager to determine the proper timing and allocation of those resources within the project schedule.
So, what is resource allocation in project management? It is the management and delegation of resources throughout a project to ensure that it runs as smoothly and successfully as possible.
Further reading:
- Smart Ways to Manage Your Team’s Resources with Wrike
- Introducing Workload Management in Wrike
- Managing Tasks, Projects, Issues, and Documents... How About Books?