Hi Friends,

I am doing a project on Human Resource Allocation Process, but I am not clear about resource allocation and release processes. Can anyone please provide some details about the resource allocation process in the IT industry?

From India, Madras
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shijit
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Resource allocation is used to assign the available resources in an economic way. It is part of resource management.

In strategic planning, it 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.

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, what level of funding it should receive, and which to leave unfunded: the resources are allocated to some items, not to others.

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.

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 on the speed and capabilities of electronic computers.

shijit.


From India, Kochi
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Hi shijit, Thanks for ur reply. It’s very helpful for me. Can u plz tell that what are all the things to be considered when allocating a person for a project?
From India, Madras
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