BNET Business Dictionary
Business Definition for: Resource Allocation
- the process of assigning human and material resources to projects to ensure that they are used in the optimum way. Resource allocation is used in conjunction with network analysis techniques such as critical-path method. Basic data assembled for a project is displayed as a bar chart with start and finish times and resources required for each day of the project being easily identifiable. If there is a mismatch between planned resources and those available, resources can be reallocated or smoothed by manipulating start and finish times, or changing activities around. Resource allocation is usually computerized.
Additional Resources
- Product Development Resource Allocation With Foresight
- Shortening project duration is critical to product development project success in many industries. As a primary driver of progress and an effective management tool, resource allocation among development activities can strongly influence project duration. Effective allocation is difficult due to the inherent closed loop flow of development work and the...
- White papers 2003-10-27
- Strata, Structure, And Strategy For Resource Allocation And New Product Development
- Innovation and new product development are critical to firm success and are often cited as means to a sustained competitive advantage. Unfortunately, the question of which innovation programs to pursue and how they should be funded is not trivial. This paper examines the resource allocation and portfolio problem. Special emphasis...
- White papers 2007-08-01
- Understanding Potential Changes to the Veterans Equitable Resource Allocation (VERA) System: A Regression-Based Approach
- The Veterans Equitable Resource Allocation VERA system was instituted by the Veterans Health Administration VHA in 1997 in a continuing effort to improve the allocation of congressionally appropriated health care funds to the 21 Veterans Integrated Service Networks VISNs. VERA was designed to ensure that funds are allocated in an...
- White papers 2004-04-19
- Learn How Product Teams Allocate Resources to Overcome Challenges from the Pre-Clinical Period to Post-Launch - Blockbuster Brand Resource Allocation
- DUBLIN, Ireland -- Research and Markets (http://www.researchandmarkets.com/reports/c38995) has announced the addition of "Blockbuster Brand Resource Allocation (PH85)" to their offering.
- Research articles 2006-06-30
- Software for allocation and scheduling of DSN resources
- The TMOD Telecommunications and Mission Operations Directorate Integrated Ground Resource Allocation and Scheduling TIGRAS computer program provides an integrated computing environment for analysis, allocation, and scheduling of antennas and other ground resources of NASA's Deep Space Network DSN. TIGRAS includes sophisticated forecasting and schedule-- generation algorithms that enable users to...
- Research articles 2002-07-01
- Profitability and Resource Allocation Among Cotton and Peanuts When Considering Planting and Harvest Timeliness
- Harvest timeliness is a continual problem in the rotation of cotton and peanuts. Efficient allocation of land and labor resources during production of cotton and peanuts requires decisions be made on allocating resources throughout the growing season. Of particular concern is efficient allocation during planting and harvesting. Through economic analysis...
- Research articles 2005-04-01
- Presidential resource support for IRCs and DRAs: a principal-agent explanation
- Abstract This article examines whether Independent Regulatory Commissions IRCs received less presidential resource support employment and outlays than Dependent Regulatory Agencies DRAs. The principal-agent theory was used to explain why DRAs fare better in the hands of presidents than IRCs in terms of resource allocation. It also examines whether...
- Research articles 2003-03-22
- Linear Programming Streamlines Asset Allocation
- Models address the complex problem of assigning global intelligence, surveillance and reconnaissance resources. Two seemingly unrelated events occurred in May. Renowned mathematician George B. Dantzig died on May 13 at age 90, and the U.S. Strategic Command stood up a new component to focus on global intelligence, surveillance...
- Research articles 2005-10-01
- Revolution in Marketing Resource Allocation
- This article assesses that multi-country and multi-category companies benefit from scale and resource but suffer from complexity. The traditional brand management system aggravates the issue of complexity. Companies are delegating the crucial tradeoff investment decisions two levels below where they should be. By not viewing the big picture, revenue growth...
- White papers 2001-06-15
- Motorola Picks ILOG Software Components to Schedule IRIDIUM Resource Utilization System
- MOUNTAIN VIEW, Calif.--BUSINESS WIRE--Jan. 6, 1997--Motorola, Inc. announced today that it has chosen ILOG software as the network resource allocation and scheduling engine for its multi-billion dollar IRIDIUM communications system. IRIDIUM is a satellite-based, mobile personal communications network that will permit any type of wireless telephone transmission -- voice,...
- Research articles 1997-01-06
- Artemis International Adds Detailed Work Scheduling and Resource Management to Strategic Asset Optimization Solution; New Solution Improves Management of Strategic Assets for Energy, Utilities and Oil & Gas Companies
- NEWPORT BEACH, Calif. -- Artemis International Solutions Corporation (OTCBB:AMSI), global provider of Investment Planning and ControlTM solutions, today unveiled an enhanced Strategic Asset Optimization solution, specifically targeted at the electrical power generation and distribution, gas exploration and distribution, and national and municipal utilities. The Artemis SAO solution improves operational, resource...
- Research articles 2005-06-28
- How Managers' Everyday Decisions Create—or Destroy—Your Company's Strategy
- The Idea in Brief Top leaders' formal strategies determine how business gets done in your firm—right? Wrong, say authors Joseph Bower and Clark Gilbert: It's other ...
- Articles 2007-11-07
- Strategy as Active Waiting
- The Idea in Brief Executives who cut their teeth in stable industries often stumble in volatile markets. Why? They assume they can gaze far into the future and craft long-term strategies that will win their company a sustainable competitive advantage. But in volatile markets, visibility into the...
- Articles 2007-12-14
- ERP-like solution fosters C-level control of absenteeism issues.(TIME & ATTENDANCE)
- "Once you've optimized the supply chain and enterprise resource allocation, the largest expense a company has left is labor; at 30 percent to 60 percent," says Kronos' Director of Product Marketing, Clay Ritchey. "Cut that cost a few "Once you've optimized the supply chain...
- Research articles 2005-09-01
- EST. WTO RULES CAN PROMOTE AN OPEN GLOBAL TRADING SYSTEM COMMERCE MINISTRY OFFICIAL
- According to local press reports, Fu Ziying, Assistant Minister of Commerce, pointed out in Shanghai that with development of economic globalization and world resource allocation, WTO rules should be able to promote an open global trading system, to safegAccording to local press reports, Fu Ziying, Assistant Minister of Commerce, pointed...
- Research articles 2003-11-26
- NORWAY SHOULD REDUCE AGRICULTURAL TARIFFS, SAYS WTO REPORT.(Brief Article)
- Norway's high agricultural tariffs should be reduced in order to contribute to better resource allocation in the country, the World Trade Organisation WTO says in a new review of Norway's trade policy. The October 13 review "commends Norway on Norway's high agricultural tariffs should be reduced...
- Research articles 2004-10-28
- CHINA: EST. WTO RULES CAN PROMOTE AN OPEN GLOBAL TRADING SYSTEM u COMMERCE MINISTRY OFFICIAL.(Brief Article)
- According to local press reports, Fu Ziying, Assistant Minister of Commerce, pointed out in Shanghai that with development of economic globalization and world resource allocation, WTO rules should be able to promote an open global trading system, to According to local press reports, Fu Ziying,...
- Research articles 2003-11-26
- A critical look at PPBS: the unfunded priority list - Logistics Today - planning, programming and budgeting system
- The Air Force resource allocation process operates within the framework of the Planning, Programming, and Budgeting System. Prelude to Crisis The Chinese use two brush strokes to write the word crisis. One brush stroke stands for danger, the other for opportunity. In a crisis, be aware of the...
- Research articles 2001-12-22
- Alliance Resource Partners, L.P. Reports Technical Correction to Net Income Allocation; Quarterly Distribution and Operating Results Not Affected
- TULSA, Okla. -- Alliance Resource Partners, L.P. (Nasdaq:ARLP) today reported a technical correction to the accounting allocation of its net income between its limited partners and the general partner. This correction has no impact on the Partnership's previously reported net income of $22.9 million and $41.1 million for the three...
- Research articles 2004-07-28
- Asymptotically Optimal Water-Filling in Vector Multiple-Access Channels
- Dynamic resource allocation is an important means to increase the sum capacity of fading multiple-access channels MACs. This paper considers vector multi-access channels and studies the effect of power allocation as a function of the channel state on the sum capacity defined as the maximum sum of rates of users...
- White papers 2001-01-01
