Guide to Resource Allocation in Project Scheduling

Resource Allocation in Project Scheduling is a vital part of the CAPM (Certified Associate in Project Management) concept. This falls under the umbrella of project management, where resources such as manpower, equipment, and budget are assigned to various tasks in a project.

Importance: Proper Resource Allocation ensures efficient use of resources, reduces costs, and therefore can significantly enhance the overall project's success.

Understanding Resource Allocation: This involves identifying the resources needed for a project, estimating the quantity, and assigning them to specific tasks in an orderly and economical manner.

How Resource Allocation Works: Typically, it is achieved by outlining the project’s tasks, identifying their resource requirements and scheduling them based on resource availability. An important facet to consider in this process is 'Resource Levelling', which involves rescheduling tasks that exceed the resource limits.

Now, to Answer Questions on Resource Allocation in an Exam:
1. Understand the Question: Clarify the context of the question whether it refers to human resources, financial resources, etc.
2. Use CAPM Terminology: Use standard terms like Resource Leveling, Triple Constraints, and others that indicate your understanding of the topic.
3. Show Your Work: If the question involves computations, show your steps to validate your answer. It also helps earn partial points if your final answer is not correct.
4. Explain with Examples: If allowed, use practical examples to illustrate your point, it helps display a more thorough understanding.