Please address all questions below.

Answers should not be too short.

Q1: Briefly describe how each of the following contributes to the content of resource plans:

a. The acquisition of resources b. The allocation of resources c. Timelines and the relationship to business strategies d. Contingency plans and processes e. Costs, benefits and budget information

Q2: Outline the process for acquiring resources, including the tender process

Q3: Whataretwo(2)proceduresforreviewingresourceallocation?

Q4: How do resource outputs support the organisation's objectives?

Q5: When managing finances for the acquisition of resources, what should be considered when monitoring resource expenditure? Give two (2) examples

Q6: What is the purpose of cost variance analysis when managing project budgets?

Q7: For each of the following risks, give at least one (1) example of a risk management strategy

The CRM system is being replaced with a new system that staff have net used before. All forklifts at the manufacturing plant are due fer a maintenance service in turn weeks time. - Evaluate the risks - Monitor and review the risks and treatments - Establish the internal and External risk mitten _ - Identify the risks _ Physical resources Human resources