"Unallocated" refers to resources or assets that have not yet been assigned or designated for a specific purpose. This term is commonly used in finance, where funds may remain unallocated until a decision is made on how to invest or spend them. It indicates that the resources are available but not currently in use. In project management, "unallocated" can describe tasks or responsibilities that have not been assigned to team members. This can lead to inefficiencies if not addressed, as it may result in delays or confusion about who is responsible for certain aspects of a project, such as budgeting or task completion.