The last step in the project's four-stage planning process is d—resource allocation.
What is resource allocation?
Resource allocation involves assigning and managing assets to support an organization's strategic planning goals.
According to economists, resources are scarce and need to be allocated and managed prudently for efficient and effective achievement of goals.
Poor resource allocation impacts negatively on every worthy project. Resources should be allocated strategically.
Thus, we can conclude that the last step in the project's four-stage planning process is d—resource allocation.
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Question Completion with Answer Options:
a. information technology strategy planning
b. business area analysis
c. mind mapping
d. resource allocation
