Editing Resource allocation (section)

{{short description|Assignment of resources among possible uses}}
In [[economics]], '''resource allocation''' is the assignment of available [[resource]]s to various uses. In the context of an entire economy, resources can be allocated by various means, such as [[Market (economics)|markets]], or [[Economic planning|planning]].

In [[project management]], '''resource allocation''' or [[resource management]] is the scheduling of activities and the resources required by those activities while taking into consideration both the resource availability and the project time.<ref>{{cite web|url=http://www.pmhut.com/pmo-and-project-management-dictionary |title=PMO and Project Management Dictionary |publisher=Pmhut.com |date=2007-08-20 |access-date=2014-06-24}}</ref>