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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.
Writer turned it in an adequate paper no revisions required at all. I appreciate your 15 days revision policy but here nothing required. thanks a lot.
Australian student, 800 words, wanted to say that in questions 3 and 4 would have to explain and develop a spreadsheet. Assessments should be completed as per your trainer’s instructions. Assessments must be submitted by the due date to avoid a late submission penalty. A list of references must be included. You may discuss your assessments with other students, but submitting identical answers to other students will result in a failing grade. Your answers must be yours alone. Your trainer will advise whether the assessment should be digitally uploaded or submitted in hard copy. Assessments that are digitally uploaded should be saved in pdf format. You must pass both assessments in the subject to pass the subject.
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