Define resource planning and explain its different stages
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Resource Planning refers to the process of allocating people onto projects and breaking down tasks in relationship to one another. It takes into account availability statuses of individual resources, as well as their utilization levels.
There are three stages in resource planning. They are :
(i) Preparation of inventory of resources.
(ii) Evaluation in terms of availability for development.
(iii) Planning for exploitation of resources
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