Evaluate and measure the resultant resource planning

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Advanced Resource Management Written Assessment

Develop procedures to review resource allocation against business unit objectives. Make sure you include the following:

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.

Attachment:- Assignment File.rar

Verified Expert

It creates a budget model for efficient and effective resource allocation to different units of a business. Zero-based budgeting has been recommended in this model. Variance Analysis has been recommended for monitoring performance.A model on excel has also been created to show how the model can be used for actual budgeting and variance analysis. The word document explains every aspect of this model.

Reference no: EM131503552

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