Define resource allocation and resources


We have discussed resource allocation and resource leveling and the purpose and benefits of each. We have all been associated with projects with resource issues. As project managers, we are responsible for resolving these issues. Remember, resources are human, capital, monetary, and otherwise. If you can name it, it may be a resource.

(a) Define resource allocation and resource leveling and describe the difference between them.

(b) Describe 5 of the many benefits to resource leveling.

Format your answer in sections in accordance with the parts of the question above.

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Accounting Basics: Define resource allocation and resources
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