CompTIA Project+ Practice Test 2026 - Free Project+ Practice Questions and Study Guide

Resource allocation refers to the process of assigning available resources in an efficient manner to ensure the successful completion of a project. It involves identifying what resources are needed—such as human resources, materials, equipment, and time—and determining how to distribute these resources to various tasks and activities within the project. Effective resource allocation helps in minimizing waste, maximizing productivity, and ensuring that each part of the project has what it needs to meet timelines and objectives.

While identifying project stakeholders is a crucial part of project management, it focuses on who is involved or affected by the project rather than the use of resources. Evaluating project performance pertains to analyzing how well the project is progressing against its goals and metrics, separate from the act of allocating resources. Documenting project requirements involves detailing what the project needs to meet its objectives, which is necessary for planning but distinct from the process of allocating resources to fulfill those requirements.