cmi unit 5004

1359 WordsOct 23, 20146 Pages
Unit 5004 - Resource management Introduction This unit is about being able to identify the different types of resources available to managers, select and plan for their use, and monitor and review their effectiveness in the pursuit of organisational objectives. Scenario Learners may use their own employment context, or that of another organisation with which they are very familiar, to base their assignment. However, in the case that they are not able to do so, please use the below scenario- If you will be using a scenario please select and research an organisation of your choice and identify a department within the organisation. Imagine you manage 6 staff within the department and have a range of human, physical and financial resources…show more content…
Guideline word count 450 - 500 words A.C. 2.3 - Describe strategies used to predict and manage disruption in resource supply and the associated costs Task 5 Explain how the use of both human and physical resources is recorded. Provide examples of typical reporting arrangements for each and their frequency. Describe at least two different methods of comparing actual resource usage against forecast requirements and identifying variances. Discuss the subsequent forward planning that leads from identification of variances, including examples of actions that may be undertaken as a result. Use practical examples where possible. Guideline word count 650 - 700 words A.C. 3.1 - Review progress of actual resource use against planned resource use A.C. 3.2 - Discuss methods of recording and reporting resource use A.C. 3.3 - Explain methods of using resource information to inform future actions CMI Membership Benefits CMI is the only chartered professional body in the UK dedicated to management and leadership. Membership of the CMI is designed to work for you and your learners during management studies and then beyond this on a day-to-day basis to aid the overall progression of your management careers. There are many benefits of membership, but for you and your learners in particular this comes to life with our tailored online support - via HYPERLINK http//www.managers.org.uk/practical-support/study-support

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