Resource allocation is the process of assigning the best available resources to appropriate project-related activities in the most efficient manner possible. You’ll need to assign roles and responsibilities to your team and communicate this to everyone to know who is doing what. Additionally, you must ensure that tools and equipment are used efficiently and returned in a condition that includes normal wear and tear. Project managers must also ensure that teams maintain facilities in good condition to avoid significant damage payments that could add to the project costs.
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