Infographic: What is Resource Allocation, and Why is it Important?

By SAVIOM January 25, 2024

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Resources are the most significant asset for any organization. Thus, allocating and utilizing them efficiently is critical to successful project delivery. However, when organizations fail to allocate their workforce appropriately, it leads to challenges such as sub-optimal utilization, schedule/budget overruns, employee burnout, etc.

In this scenario, organizations can leverage robust resource management software to ensure competent allocation. The tool allows managers to identify the right resources across multiple dimensions, such as skills, experience, qualifications, etc., and deploy them to suitable projects.

Infographic What is Resource Allocation, and Why is it Important

 

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