Monday, April 12, 2010

Resource planing at corpoarte level

Resource planing at corporate level
The resource planing corporate level are :
  1. Assess available resources:Available resources are deployed resources into the activities and operations of an organization.They are currently owned by the organizations.The starting point of a resource plan is to assess the available resources of an organization.
  2. Forecast future resources needs :Forecasts are made for the resources needs to implementation the selected strategy.Various statical techniques are available for resource forecasting.The judgement and experience of managers can also be useful.Critical success factors are important to forecast future resources needs.Planing priorities also determine resources needs.
  3. Identify resource gap:Resource gap is the difference between needed resource and available resources to implementation strategy.It is determine resource.
  4. Determine and evaluate alternative sources:Alternative future sources to mobilize resource are determined.Source can be external and internal.Internal sources consist of retained earning,reserves and provision.External sources can be capital market for equity and long term loan,and money market for bank credit and trade credit.The most activities sources are identified.Evaluation is done in terms of risks,credit and trade credit.For financial resources,the mix of equity and loan is considered.Time value of money is considered for capital expenditure projects.

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