We suggest a method of optimizing resource allocation for real time protocol traffic in general, and VoIP in particular, within an H.323 environment. There are two options in the packet network to allocate resources: aggregate peak demand and statistical multiplexing. Statistical multiplexing, our choice for this case, allows the efficient use of the network resources but however exhibits greater packet delay variation and packet transfer delay. These delays are often the result of correlations or time dependency experienced by the system's queue due to the variations observed in different point processes that occur at a point of time. To address these issues, we suggest a queuing method based on the diffusion process approximated by Orstein-Ulenbeck and the non-validated results of Ren and Kobayashi.