Resource Allocation

$4.$ Develop a plan to allocate resources based on the priority of projects for a new idea that increases the competitive advantage of your organization.

$4\mathrm{.}1.$ Explain the importance of resource allocation and resource management to the success of your strategy.

$4\mathrm{.}2.$ Explain the process of carrying out a resource audit to your management team, and why it is important.

$4\mathrm{.}3.$ Develop a "Resource Management Checklist" for your chosen strategic initiative to demonstrate resource allocation to your management team.

$4\mathrm{.}4.$ Explain the role of information systems and technological resources in the execution of your strategic initiative project.

$4\mathrm{.}5.$ Based on the results of your resource planning, develop a budget proposal for your strategic initiative.

$4\mathrm{.}6.$ Concisely explain your budget proposal.

Key Performance Indicators

$5.$ Explain the purpose and importance of managing performance and provide details on how it is accomplished to ensure competitive advantage is achieved.

$5\mathrm{.}1.$ Explain the purpose of key performance indicators and how they work.

$5\mathrm{.}2.$ Complete the "Deciding what to measure" form to identify key performance indicators $($outputs$,$ actions, and measurements$)$

$5\mathrm{.}2\mathrm{.}1.$ Design five $(5)$ key performance indicators to manage the implementation of your strategy.

$5\mathrm{.}3.$ Concisely explain the key performance indicators and how they will collectively ensure competitive advantage is achieved.