Resource Allocation Report - Essay Examplethe project lifecycle. http://college-application-essay675.mystrikingly.com Resource management begins with project initiation, when resource needs and strategies must be analyzed, specified and accepted as part of the project "charter" (IT Tool Kit, 2010).Above definition indicates that the term ‘resources’ does not only mean human resources or labor but it also covers other requirements of the project like raw material, electronics, costs, time, efforts, etc. there can be a number of things which can fall under the term ‘resources’.Resource planning falls in the initiation phase of the project life cycle where project/program manager needs to plan a feasibility of the requirement based analysis in order to form a project team, set deadlines, figure out possibility of the assigned timeline, calculate estimated costs, etc. once initial planning is done, allocation comes in.A program resource management is generally designed to have a direct connection to the overall corporate strategic plan.
