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Resource Allocation
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Resource allocation involves distributing and assigning available resources, such as time, money, personnel, equipment, and materials, to various tasks and activities in a strategic and efficient manner. Effective resource allocation is crucial for achieving goals, optimizing performance, and ensuring the successful implementation of plans.
Resource allocation is a dynamic process that requires careful planning, monitoring, and adaptability. By strategically managing resources, organizations and individuals can enhance their ability to achieve objectives efficiently and effectively.