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Project management software are computer programs that help plan, organize, and manage resources.. Depending on the sophistication of the software, it can manage estimation and planning, scheduling, cost control, budget management, resource allocation, collaboration software, communication, decision-making, quality management, time management and documentation or administration systems.
Economic planning is a resource allocation mechanism based on a computational procedure for solving a constrained maximization problem with an iterative process for obtaining its solution. Planning is a mechanism for the allocation of resources between and within organizations contrasted with the market mechanism.
In the context of an entire economy, resources can be allocated by various means, such as markets, or planning. In project management, resource allocation or resource management is the scheduling of activities and the resources required by those activities while taking into consideration both the resource availability and the project time. [1]
In organizational studies, resource management is the efficient and effective development of an organization's resources when they are needed. Such resources may include the financial resources, inventory, human skills, production resources, or information technology (IT) and natural resources.
Banker's algorithm is a resource allocation and deadlock avoidance algorithm developed by Edsger Dijkstra that tests for safety by simulating the allocation of predetermined maximum possible amounts of all resources, and then makes an "s-state" check to test for possible deadlock conditions for all other pending activities, before deciding whether allocation should be allowed to continue.
Microsoft Project 2000 'Project' was an MS-DOS software application originally written in C (and some assembly) language for the IBM PC.The idea originated with Ron Bredehoeft, a former IBM S/E and PC enthusiast in the early 1980s, as a prank to express the recipe and all preparation for a breakfast of eggs Benedict in project management terms. [7]
The Stack Resource Policy (SRP) is a resource allocation policy used in real-time computing, used for accessing shared resources when using earliest deadline first scheduling. It was defined by T. P. Baker. [1] SRP is not the same as the Priority ceiling protocol which is for fixed priority tasks (FP).
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