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Managing Resources

The importance of efficient and effective deployment of an organisation's resources when they are needed

Overview

Managing resources is one of the essential skills for managers. Resources include not only finance and infrastructure, but also skills, production and information technology. A working knowledge of such resources can contribute enormously towards effective decision-making and a successful operation.

This course explores the key principles of resource management and their application. It explains the fundamentals of budgeting, procurement and HR planning and helps you to make sense of financial information and the associated jargon.

Course Content

The following concepts are explored

  • Financial awareness and decision-making
  • Cashflow statements
  • Balance sheets
  • Profit and loss accounts
  • Making financial decisions
  • The budgeting process
  • HR planning
  • Strategic procurement
  • Definitions and scope
  • Policy context
  • The procurement cycle
  • Supply positioning