Please discuss how resource allocation is managed in projects.300-400 words
Expert Answer
In projects, first the objectives are defined. Based on theseobjectives, the expected outputs are determined. Then, the list ofactivities to be performed to deliver those outputs are identified.Once the list is ready, various resources required for theseactivities are identified. Based on the importance of the activity,sequence of the activities, the resources are allocated to theseactivities.