some individuals do not directly consume a product but accrue indirect benefits from others who do consume the product. as a result, there is a(n) underallocation of resources to the beneficial product.
What is underallocation of resources?
- When resources are not properly managed, they are either allotted too little or too much.
- When resources are under-allocated, it signifies that there are more available than are required to finish the task at hand.
- Lower levels of production and potential are the outcomes of this. Resources are what you employ to complete your project (i.e., people, tools, and capital.)
- Resources are scarce and will always be needed for projects.
- A project manager's work is therefore important because of the practice of resource allocation in project management.
- It is the method of allocating and planning available resources most effectively.
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