Definition of «allocation»

Usage examples

1. Budget Allocation: The process of distributing funds or resources to different departments or projects within an organization. Example: The Finance department prepares the annual budget allocation for each department based on their needs and priorities.
2. Resource Allocation: The allocation or distribution of resources such as personnel, equipment, or time to different tasks or projects. Example: The project manager is responsible for resource allocation, ensuring that the right team members are assigned to specific tasks according to their skills and availability.
3. Asset Allocation: The distribution of investments or assets across different classes such as stocks, bonds, or real estate to balance risk and return. Example: The financial advisor recommended a diversified asset allocation strategy to the client, spreading investments across various sectors to mitigate potential risks.
4. Time Allocation: The practice of dividing time among different activities or tasks to ensure efficient utilization. Example: The student created a schedule that included time allocation for studying, attending classes, working part-time, and leisure activities.
5. Space Allocation: The assignment or distribution of physical space within a building or facility for different purposes or functions. Example: The office manager is responsible for space allocation, ensuring that each department has sufficient space to operate efficiently while optimizing the overall layout and utilization of the office premises.