Resource allocation has become an activity with high criticality and impact on product delivery, going to transformation into a process involving multiple stakeholders. The purpose of this paper is to present the results of a PhD research with defined resource allocation diagram, process and subprocesses, based on previous work results analysis and interpretation, having input from local project management community through online surveys and propose those for a larger input and implementation as process improvement in project management. Availability of resources in projects has definitive impact on product delivery. Key function resources allocated to multiple projects within an organization create dependencies to all involved projects, therefore risks coming along to all involved products and organization's strategic targets. Contribution of this paper is foreseen as important to large project management-oriented individuals and organizations, providing a guidance and good practice for designing and implementing improved processes with focus on resource allocation.