Quick Answer: What Allocate Means?

What is allocate funds mean?

To allocate is to set aside a certain amount of money for an expense.

You usually hear about the government allocating funds for education or the military, but you may personally allocate some of your allowance to buying comic books..

How do I allocate my time?

Start by using these 20 super-powerful time management tips.Create a time audit. … Set a time limit to each task. … Use a to-do-list, but don’t abandon tasks. … Plan ahead. … Spend your mornings on MITs. … Learn to delegate/outsource. … Eliminate half-work. … Change your schedule.More items…•

How do you allocate resources?

12 Resource Allocation Tips for ManagersKnow Your Scope. Before you can allocate your resources or manage them, you have to determine the scope of the project you’re working on. … Identify Resources. … Don’t Procrastinate. … Think Holistically. … Know Your Resource Dependencies. … Track Time. … Use Tools. … Don’t Over-allocate.More items…•

What type of word is allocated?

verb (used with object), al·lo·cat·ed, al·lo·cat·ing. to set apart for a particular purpose; assign or allot: to allocate funds for new projects.

What is the purpose of allocation?

Allocating costs serves three main purposes. These are to: 1) make decisions, 2) reduce waste, and 3) determine pricing.

What does fully allocated mean?

Fully Allocated Cost means, with respect to provision of a Service, the all-in cost of the Providing Party’s provision of such Service, including a share of direct charges of the function providing such Service, and including allocable amounts to reflect compensation and benefits, technology expenses, occupancy and …

What does it mean to allocate time?

to give a particular amount of time, money, etc. to someone or something, so that it can be used in a particular way: … allocate time Salespeople should allocate time for work in each area of their business.

Can you allocate a person?

1 Answer. It makes little sense to allocate a singular person (“We allocated Ted among the houses on the block”), as you’d be separating Ted into parts and putting each part in a house. However it does make sense to say “We allocated all the people among the houses on the block”.

What do allotted mean?

verb (used with object), al·lot·ted, al·lot·ting. to divide or distribute by share or portion; distribute or parcel out; apportion: to allot the available farmland among the settlers. to appropriate for a special purpose: to allot money for a park.

How do you use allocated in a sentence?

Money from the sale of the house was allocated to each of the children. We need to determine the best way to allocate our resources. Have enough funds been allocated to finance the project?

What is a allocation amount?

An allocation rate is a percentage of an investor’s cash or capital outlay that goes toward a final investment. The allocation rate most often refers to the amount of capital invested in a product net of any fees that may be incurred through the investment transaction.

What does it mean to allocate something?

verb (used with object), al·lo·cat·ed, al·lo·cat·ing. to set apart for a particular purpose; assign or allot: to allocate funds for new projects. to fix the place of; locate.

How do you use allocation in a sentence?

budget allocation was made, the treasurer would be able to see what funds had been gathered from sponsorship. cage trap donors are given an allocation number for their trap. The phased moved away from a slots allocation based on historic patterns to one based on weighted capitation should improve the equity of access.

Why do we need to allocate?

Resource allocation in project management is so important because it gives a clear picture on the amount of work that has to be done. It also helps to schedule ahead and have an insight into the team’s progress, including allocating the right amount of time to everyone on the team.

What is allocation strategy?

Strategic asset allocation is a portfolio strategy whereby the investor sets target allocations for various asset classes and rebalances the portfolio periodically. The target allocations are based on factors such as the investor’s risk tolerance, time horizon, and investment objectives.

What does allocate resources mean?

From Wikipedia, the free encyclopedia. In economics, resource allocation is the assignment of available resources to various uses. In the context of an entire economy, resources can be allocated by various means, such as markets or planning.

What things can be allocated?

An example of allocate is when a boss schedules a certain amount of time each morning in order to go over the day’s business with their employees. An example of allocate is when a group of people are lost in the woods and they divide up their food and water, giving out an equal portion to each individual.

What is an example of allocation?

The definition of allocation is a process in business and accounting. An example of allocation is when a company portions out their expenses and attributes a certain amount to each division. … An example of allocation is when one refers to how the school fund-raising money is to be used for new computers.