Question: - Why is it important for managers to understand the following legislative and regulatory requirements in the context of resource planning? { Fair Work Act

- Why is it important for managers to understand the following legislative and regulatory requirements in the context of resource planning?

{ Fair Work Act 2009}

{Government Tender process requirements}

- what is the link between project budgets and resourcing?

- Why is it important to manage finances efficiently, especially in relation to resource acquisition and usage?

- Do you need to refer to the objectives of a business unit when you plan the resources for the business? Why or why not?

- what are THREE examples of processes you can use to review resource allocation for an organisation?

- what should I write in this table?

List THREE risks associated with managing business resources.

List a risk mitigation strategy that you can use for each identified risk.

Explain the process you can use to monitor the risk.

1

2

3

- What is the procedures that you can put in place for risk management in terms of potential changes in government priorities?

- What are THREE sources of information required to monitor the usage of:

  1. Physical resources
  2. Human Resources

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