Final answer:
The last step in the four-stage planning process for projects is resource allocation, where necessary resources such as labor, equipment, and budget are distributed for the project's execution. Option a is correct.
Step-by-step explanation:
The last step in the four-stage planning process for projects is resource allocation. This stage comes after business area analysis and strategic planning, where the groundwork of understanding the business needs and setting strategic objectives is achieved. During resource allocation, the project undergoes the distribution of necessary resources to ensure effective and efficient progress. These resources can include labor, equipment, time, and budget among others.
Effective resource allocation is crucial as it can determine the successful execution and completion of the project. It ensures that the right resources are available at the right time, and are utilized properly to avoid any bottlenecks in the project timeline.The last step in the four-stage planning process for projects is Resource allocation (option a). This step involves determining and assigning the necessary resources, such as personnel, equipment, and finances, to complete the project successfully. It ensures that the project has the required resources available and allocated efficiently.