resource-allocation

Vocabulary Word

Definition

'Resource-allocation' is a term used when you have a pool of resources and you need to divide it among different tasks or projects. It's like deciding what amount of the budget should be allocated to which department in a company.

Examples in Different Contexts

For creatives, 'resource-allocation' can involve distributing time among various project stages. A creative director could say, 'By reallocating resources, we managed to finalize the campaign ahead of schedule.'

Practice Scenarios

Public-Policy

Scenario:

It's a challenging task to meet the rising needs of our growing city. We need to reassess how we're allocating resources.

Response:

If we refine our resource allocation, we can deliver better services without stretching our budget.

Business

Scenario:

With our company's diversification plan for next year, we need to examine how we're distributing our resources effectively.

Response:

We should develop a resource allocation proposal that outlines how we can optimize our capital usage.