Advance Resources Management -Assessment 2

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

1.Cost-effectiveness.

2. The process for resource planning.

3. 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.

4. A process for comparing the forecasted budget to actual resource costs according to organisational requirements, including strategies for dealing with expenditure over budget.

5. The result of the measurement be it unfavourable or favourable will need to be predetermined in your set of parameters for the model chosen.