Based on the context of the information provided in the Topic 7 Workshop, identify which of the following statements is most correct. Select one: 1. The term RAM stands for a Resource Allocation Matrix, which is used to allocate resources to specific tasks, so the right skills are applied to complete the required work. 2. The term RAM stands for a Responsibility Assignment Matrix, which can use a range of different formats to map project tasks to the responsible person or persons. 3. The term RAM stands for a Resource Allocation Monitoring system, such as Microsoft Project, which effectively monitors how well staff are completing their allocated tasks. 4. The term RAM stands for Resource Allocation Management, which is a process used for ensuring that the most qualified people are allocated to complete required tasks, so the project activities can be achieved effectively