Manage business resources BSBOPS501 Question 1 List and out

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Manage business resources BSBOPS501 Question 1 List and outline… Manage business resourcesBSBOPS501 Question 1 List and outline four (4) legislations, regulations (Australia) and standards that an organisation must consider when managing resources.Legislations, regulations and standardsOutline Question 2 Briefly describe the following resource plan’s inclusions.InclusionOutlineAcquisition and allocation of resources Timelines and the relationship to business strategies Contingency plans and processes Costs and budgets Legislative and regulatory context Roles and responsibilities Implementation/Action plan Question 3 Outline the following processes and their importance when planning business resources.ProcessOutlineResource acquisition Managing finance, including project budgets Resource allocation review procedures Risk management: outline risk treatment strategies Risk management: identify the requirements for consideration of potential changes in project governance priorities Question 4 Why is it important to understand the strategic objectives of the organisation and the objectives of the individual business units when managing business resources? Question 5 List six (6) typical risks associated with managing business resources. Question 6 Outline three (3) sources of information required to monitor usage of:physical resourceshuman resourcesmarketing resourcesSource of information Outline Business Management Human Resource Management BUSINESS BSBOPS501

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