allocation policy

An allocation policy is a set of guidelines that determine how resources—such as money, time, or materials—are distributed among projects, people, or departments. It ensures that resources are shared fairly and efficiently based on priorities, goals, and available supplies. By following this policy, organizations can make consistent decisions about who gets what and when, helping to optimize overall performance and meet strategic objectives. Essentially, it’s a systematic way to decide how limited resources are best utilized within an organization.