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Encyclopedia > Resource allocation

In strategic planning, a resource-allocation decision is a plan for using available resources, for example human resources, especially in the near term, to achieve goals for the future. It is the process of allocating resources among the various projects or business units. Strategic planning is an organizations process of defining its strategy, or direction, and making decisions on allocating its resources to pursue this strategy, including its capital and people. ... A plan is a proposed or intended method of getting from one set of circumstances to another. ... Rainforest on Fatu-Hiva, Marquesas Islands Natural resources are naturally occurring substances that are considered valuable in their relatively unmodified (natural) form. ... The term human resources is variously defined in political economy and economics, where it was traditionally called labor, one of three factors of production. ... A project is a temporary endeavor undertaken to create a unique product or service[1]. // The word project comes from the Latin word projectum from projicere, to throw something forwards which in turn comes from pro-, which denotes something that precedes the action of the next part of the word...

The plan has two parts:. Firstly, there is the basic allocation decision and secondly there are contingency mechanisms. The basic allocation decision is the choice of which items to fund in the plan, and what level of funding it should receive, and which to leave unfunded: the resources are allocated to some items, not to others. Fund may refer to Funding, or providing capital. ...

There are two contingency mechanisms. There is a priority ranking of items excluded from the plan, showing which items to fund if more resources should become available; and there is a priority ranking of some items included in the plan, showing which items should be sacrificed if total funding must be reduced.

Resource Levelling

The main objective is to smooth resource requirements by shifting slack jobs beyond periods of peak requirements. Some of the methods essentially replicate what a human scheduler would do if he had enough time; others make use of unusual devices or procedures designed especially for the computer. They of course depend for their success on the speed and capabilities of electronic computers.

  1. Burgess, A.R. & Killebrew, J.B., Variation in Activity Level on a Cyclical Arrow Diagrams, Journal of Industrial Engineering, Volume 13, March-April 1962.
  2. de Witte, L., Manpower Levelling of PERT Networks, Data Processing for Science and Engineering, Volume 2, 1964.
  3. Wilson, R.C., Assembly Line balancing and Resource Scheduling’ presented in University of Michigan Summer Conference, Production and Inventory Control, 1964.
  4. Sanwal, Anand (2007). Optimizing Corporate Portfolio Management: Aligning Investment Proposals with Organizational Strategy. Wiley. ISBN 978-0-470-12688-2. 

Useful Resource Allocation Resources

  • Corporate Portfolio Management Association

  Results from FactBites:
Faculty/Librarian Salary Policy (1658 words)
Allocations of resources which affect faculty / librarian salaries occur at several levels: from the legislature, the central administration, and the Indiana University Foundation to campuses, to schools, to departments, and to the setting of individual salaries.
All decisions allocating resources to faculty / librarian salaries, both among units and to individual faculty / librarians, shall be made by the unit's responsible administrator with the advice of a consultative committee in accordance with the factors specified in Part I of this policy.
Allocations of resources to faculty / librarian salaries shall be justified to the consultative committee and to the faculty / librarian directly affected by reference to the factors specified in Part I of this policy.
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