Projects can go forward only with adequate resources to support them. Ordinarily, an organization has limits on resources and must make choices about which projects to support. Project selection, nonselection, termination, or adjustment depends, ultimately, on the availability of resources to support projects. Consequently, considerations for allocation of the organization's resources are an integral part of project selection.
The project resource allocation plan can be developed separately or incorporated as part of the project business plan. It also should be noted that this activity can be performed as an auxiliary step to the development of a project staffing management plan that is prepared by the project manager as a part of project planning activities.
Three primary activities can be applied to create a resource allocation plan, and these are described in the following subsections.
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