cmi unit 5004

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 you are responsible for managing to help you achieve your objectives. Provide details of your research and a short summary of the information you have found in order that the assessor may contextualise your responses to the tasks below. The summary is expected to be between 200 and 250 words. Task 1 Describe the types of human, physical and financial resources that managers use to enable them to achieve organisational objectives. Provide at least one example of a human, physical and financial resource and link these to your own objectives as a departmental manager. Guideline word count 300 - 350 words A.C. 1.1 - Identify those resources required to format objectives Task 2 Draw up an annual plan of the human and physical resources you require to meet your objectives over the course of a twelve month period. Specify the quantities of each resource required on a monthly basis and ensure you plan for any seasonal peaks and troughs. Include a column for the allocation of costs or budget. You will be expected to allow for issues like multiple pay rates or time off in lieu, and for consumable, materials or utilities price fluctuations. Use work based examples where possible. Otherwise provide an annual plan of resources to