- Identify Priorities: Start by identifying high-priority projects that align with your strategic goals. - Assess Resource Availability: Evaluate the availability of financial, human, and physical resources. - Allocate Based on Skills and Competencies: Ensure that tasks are assigned to individuals or teams with the right skills and expertise. - Monitor and Adjust: Continually monitor resource usage and be prepared to adjust allocations based on project needs and changes in the business environment.