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CMI Unit: 2004V1 Controlling resources

The main idea behind unit 2004V1 – Controlling Resources is to develop a comprehensive understanding of resource management in an organisational context. This unit highlights the significance of effectively sourcing, utilising, and conserving resources to achieve team objectives efficiently. Learners will explore best practices in resource allocation, strategic management, and cost control while ensuring sustainability and efficiency in operations.

This unit is highly relevant for aspiring and current managers aiming to enhance their ability to manage resources effectively. It enables learners to understand the process of resource identification, sourcing, and deployment while minimising waste. By developing these essential skills, learners contribute to operational success, cost efficiency, and environmental responsibility.

Furthermore, this unit enhances strategic thinking and decision-making abilities by helping learners assess the impact of resource allocation on overall team performance. By mastering these concepts, managers can ensure that resource utilisation aligns with organisational objectives and contributes to long-term sustainability.

Unit Objectives

The main objectives of learning CMI unit 2004V1 – Controlling Resources are given below:

• To equip learners with the ability to identify, source, and allocate resources efficiently to achieve team objectives.
• To develop skills in managing and monitoring resources to enhance operational efficiency and reduce waste.
• To enable learners to identify and implement strategies for minimising resource wastage while ensuring team objectives are met.
• To foster awareness of sustainable resource management and cost-effective planning in a business environment.

Learning Outcomes

The significant learning outcomes of the unit 2004V1 – Controlling Resources are demonstrated below:

LO1: Be able to identify and source resources needed to achieve team objectives.

This learning outcome focuses on the ability to assess and determine the resources required for achieving team objectives. Learners will explore resource identification strategies, procurement planning, and alignment of resources with organisational goals. By understanding these aspects, managers can ensure optimal resource allocation, minimising shortages and redundancies.

LO2: Be able to manage resources effectively and efficiently to achieve team objectives.

This outcome emphasises efficient resource management techniques, including communication, monitoring, and adaptation. Learners will develop skills in resource tracking, performance evaluation, and addressing variances in planned resource utilisation. Effective resource management contributes to operational efficiency, cost-effectiveness, and overall organisational productivity.

LO3: Be able to identify and reduce resource wastage.

This learning outcome focuses on recognising and addressing resource wastage. Learners will explore methods to assess inefficiencies, implement corrective actions, and develop strategies for sustainable resource usage. Understanding waste reduction techniques contributes to cost savings and environmentally responsible management practices.

Assessment Criteria

The assessment criteria of the unit 2004V1 – Controlling Resources is associated with the learning outcomes.

LO1: Be able to identify and source resources needed to achieve team objectives.

• 1.1 Describe the process of identifying the resources needed to achieve team objectives.
• 1.2 Produce a plan identifying how the resources will be sourced and utilised to achieve team objectives.
• 1.3 Assess the appropriateness of the resources in achieving team objectives.

LO2: Be able to manage resources effectively and efficiently to achieve team objectives.

• 2.1 Identify methods of communicating the use of resources to the team.
• 2.2 Monitor the team’s use of resources in achieving their objectives.
• 2.3 Explain methods of dealing with variances in planned resource use.

LO3: Be able to identify and reduce resource wastage.

• 3.1 Discuss the effects of resource wastage.
• 3.2 Explain methods of identifying resource wastage.
• 3.3 Identify actions to be taken to reduce resource wastage whilst meeting team objectives.

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