Resource allocation is fundamental to managing a successful project. Explain how stakeholder
management is linked to resource allocation management. Additionally, can you have a resource
constraint of people without having time constraint implications?
Solution
resources are the inputs to accomplish a given task while considering all the constraints. they
may be financial resources, human or man power resources, technology or financial resources
also.
every organization\'s ultimate moto is to benefit to the all the stakeholders in long run. because
we have limited resources and unlimited activities to perform.
total resources can be divided into two types: natural and artifical
we should much care about natural resource, which we can use them but we cant create them.
even time is also one of the natural resource.
the resources which we can produce and utiize are called artificial resouces, like materials,
technology, money etc.
to fulfill the unlimited needs or tasks, we hato to plan to better utilization of resources. there
should be optimum utilization of resources and wastage should be minimum..
Resource allocation is fundamental to managing a successful project..pdf
1. Resource allocation is fundamental to managing a successful project. Explain how stakeholder
management is linked to resource allocation management. Additionally, can you have a resource
constraint of people without having time constraint implications?
Solution
resources are the inputs to accomplish a given task while considering all the constraints. they
may be financial resources, human or man power resources, technology or financial resources
also.
every organization's ultimate moto is to benefit to the all the stakeholders in long run. because
we have limited resources and unlimited activities to perform.
total resources can be divided into two types: natural and artifical
we should much care about natural resource, which we can use them but we cant create them.
even time is also one of the natural resource.
the resources which we can produce and utiize are called artificial resouces, like materials,
technology, money etc.
to fulfill the unlimited needs or tasks, we hato to plan to better utilization of resources. there
should be optimum utilization of resources and wastage should be minimum.
