advance resources

Assessment 1 – Written or Oral Questions

Determine your organisation’s views on the advantages and disadvantages
of the purchasing methods using examples provided or adding your own additional examples. (8 marks)
Describe how you might consult with relevant stakeholders. (6 marks)
Explain how you would analyse information to determine the nature and level of resources required to achieve business objectives. (6 marks)
Create an action plan to acquire and allocate the resources, incorporating strategies to maximise efficiency and manage risk. (16 marks)
Show how you will implement this plan so that systems: (8 marks)
- incorporate efficient use of resources into work practices
- monitor resource use against budgets and business objectives
Clearly indicate, as part of your plan, the expected level of performance achieved and any adjustments that may be needed to achieve service and

product delivery standards.

Notes:

(6 marks

Assessment 2 – Written Assessment

Develop procedures to review resource allocation against business unit objectives. Make sure you include the following: (10 marks each)

Cost-effectiveness
The process for resource planning.
What model you will use to evaluate and measure the resultant resource planning. You will need to include tolerances that will trigger the implementation of strategies for dealing with expenditure over budget.
A process for comparing the forecasted budget to actual resource costs according to organisational requirements, including strategies for dealing with expenditure over budget.
The result of the measurement be it unfavourable or favourable will need to be predetermined in your set of parameters for the model chosen.