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CMI Study Unit

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Practices of resource management

This unit is about identifying, planning, using and evaluating resources to meet objectives

Explain how you would set performance targets for yourself and your team. Specific reference should be made to how these will be measured and improvements suggested and supported. Consideration also needs to be given to organisational wide objectives. Finally please explain your organisation's disciplinary and grievance procedures, referencing the appropriate legislation

Study Unit Code: 5004V1

Study Unit Group: A

Study Unit Credits: 7


Maximum flexibility: Study online, with full Tutor support as and when you need it.


Assignment Summary

Explain how you intend to identify, plan for and use the appropriate resources to meet your year's objectives. This should be done from both an internal and external viewpoint with special attention to monitoring and evaluating their effectiveness.

Upon completion of this CMI unit you will be able to:

  • Be able to identify and plan resources needed to meet objectives
  • Be able to select and use the resource supply chain to meet planned objectives
  • Be able to monitor and evaluate internal and external resource use to meet plans

  • Course Materials

    All of the below are techniques related to the Study Unit and can be read, applied and referenced in completion of the Study Unit.

    Financial Planning and Forecasting Material Requirements Planning Scenario Planning Capacity Requirements Planning Budgeting Processes Cash Flow Forecasting Cash Flow Statement and Management Cost-Benefit Analysis Accounting Rate of Return Supply Chain Management Value Chain Management Supplier Selection Supply Base Management Supplier Evaluation Single Sourcing vs. Sole Sourcing Insourcing Contract Management Lean Supply Chain Centralised/Decentralised Procurement Supply Chain Visibility Financial Management in Procurement Optimised Production Technology Sensitivity Analysis Resource-Based Strategy Economic Order Quantity Variance Analysis Zero-based Budgeting Enterprise Resource Planning

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