Reference no: EM133013265

Write a report on the importance of effective resource management. Your report can be based on a workplace, sporting club or social club so long as all of the following report components can be addressed: why it is essential for resource requirements to be determined in accordance with plans, how opportunities can be given to individuals and groups to contribute to the identification of resource requirements, how recommendations on resource requirements should be presented, how resource expenditure can be contained to a realistic budget, how resource use can be made as efficient as possible, how resources and services can be acquired, why resources must be checked to ensure quality and to ensure that they match what was requisitioned, the importance of allocating resources promptly, why resource planning should be monitored for effectiveness, why monitoring methods must allow for timely and accurate reporting, the importance of continual improvement of resource management systems, why keeping accurate records of equipment and resource purchases is important, Address and discuss any considerations in relation to legislation that may affect aspects of business operations.