Definition, Meaning & Synonyms
reallocate resources
Verb Phrase
/ˌriːæləˈkeɪt rɪˈsɔːrsɪz/
Definition
To distribute resources differently or again, often in response to changing needs or priorities.
Examples
- Business Context: The company decided to reallocate resources to focus on developing new products, hoping to increase its market share.
- Project Management: After reviewing the project outcomes, the team chose to reallocate resources to areas that required more attention.
- Non-Profit Organizations: The charity organization had to reallocate resources to ensure that food supplies reached the community faster.
Meaning
The act of redistributing available resources such as time, money, and manpower to better meet organizational goals or requirements.
Synonyms
- redistribute resources
- reassign resources
- reorganize resources
- reassign assets
- redeploy resources
