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 Responsibility Assignment Matrix, which can use a range of different formats to map project tasks to the responsible person or persons. 2. 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. 3. 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. 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