CMI Level 5 Unit: 5004V1-Practices of Resource Management

Question:

Task 1:

AC. 1.1 Identify those resources required to achieve objectives

Task 2:

AC. 1.2 Explain the process of planning resource use to achieve objectives

A.C. 1.3 Analyse the costs associated with the resource required to achieve objectives

Task 3:

A.C. 2.1- Evaluate sources of supply to meet planned objectives

A.C. 2.2- Explain processes to manage the supply, continuity and quality of resources to meet plans

Task 4:

A.C. 2.3- Analyse strategies that could be used to predict and manage disruption in resource supply and manage disruption in resource supply and the associated costs

Task 5:

A.C. 3.1- Review Progress of actual resource use against planned resource use

A.C. 3.2- Discuss methods of recording, monitoring and reporting on resource used

A.C. 3.3-Explain methods of using resource information to inform future actions

Solution/Answer

Re: A.C.1.1 Resources required for achieving Objectives

As a departmental manager, the different objectives to be achieved by the medium sized IT Company include;

  1. To raise sales by 10% percent and profit by 15% percent in two years’ time.
  2. Enhance customer satisfaction level by 20% by the end of 2018 determined by customer satisfaction surveys.
  3. Increase the level of individuals who visit our site to (40%) before the month’s over of March-2018.
  4. React every day to phone messages or calls concerning the status of requested supplies or gear.
  5. Prepare and guide workers by clarifying new or reconsidered arrangements, and leading formal introductions and preparing gatherings
  6. Acquaintance of input frameworks with screen execution
  7. Accomplish more prominent condition mindfulness by diminishing vitality utilization and utilizing reused and biodegradable materials.

From a general perspective, the human resources that are involved in achieving the objectives include training and development, employee acquisition, project management, compliance management and cost and quality control. On the other hand, the physical resources include tangible items essential and available for business operations. The physical resources include facilities, buildings, vehicles, and machines with financial resources including cash, bank deposits, and investments such as stocks and bonds.

From the identified objectives of the organisation which is medium sized IT Company, the following resources are required;

  • Human resources: (time, training, new employees) hire counselors to help with the employees training, in addition to hiring an expert to assist in implementing our environment program. This would help achieve all identified objectives.
  • Physical resources: (space, safe premises, office equipment) computers and stationary in addition to energy-efficient light bulbs, boilers and air-conditioners specifically objectives 5,6 and 7.
  • Financial resources: Training budget (salary of new recruits), marketing budget (advertising fees). All these are essential from objective 1 to 7.

A.C.1.2

Resource planning is extremely important for an organization to enable it to meet business objectives and compete with other organizations in the industry. A resources plan compares the current state of the organization and its future objectives then with its goals for the future then assesses what changes must be made in order to meet those objectives.

Through resource planning, the organization decides on the staff support needed to fulfill the demands and needs of the business .There are several factors which need to be considered while making this plan such as imminent retirements and transitions, the availability of employees with specific sets of skills in addition to any changes in the environment which might require training the current employees. A resource plan is an important …………………………………………………………………………………………………………………………………Please contact our team to receive this assessment in full based on your organisation background, country and any other instructions

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