Resource Allocation Models

Resource Allocation Models:

• Resource allocation is the process of assigning and scheduling resources to project tasks
• Resources are the life blood of project management
• Resources are used to carry out the project, and are returned to their owners if not consumed by the project
• A resource allocation model (RAM) is a methodology for determining where resources should be allocated within an organisation. 
• Resources may include financial resources, technological resources and human resources.
• Strategic investment decisions may, of course, impact on the actual allocation in any single year.