Resource Planning for Euro Car Parts: Maximizing Efficiency and Managing Risks

RESOURCE PLANNING
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Table of Contents
INTRODUCTION...........................................................................................................................3
MAIN BODY ..................................................................................................................................3
Why deceive a plan ....................................................................................................................3
Aims and objectives of Plan .......................................................................................................5
Resources determined.................................................................................................................5
Theoretical application over resource operations and functions.................................................6
Evaluate and appraise the used of resources against organizational plans.................................8
Gantt chart ..................................................................................................................................9
How the plan maximises resources ............................................................................................9
Potential risk that may arise and remedies applied within it .....................................................9
CONCLUSION ...............................................................................................................................9
Plan maximizes resources.........................................................................................................11
Potential risk and remedies available for it...............................................................................11
CONCLUSION .............................................................................................................................11
REFRENCES.................................................................................................................................12
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INTRODUCTION
Resource planing is the that kind of plan which is based upon objectives that has been
formed by an organization in fulfilling various perspectives related to resource. The plan deals
with managing of various kinds of resources within an organization. Scope of such plan is wider
as it covers perspectives related to resources availability in an organization. Selected
organization for resource plan formation is Euro Car Parts which is based upon distribution of
car parts and accessories. The organization is established within year 1978 and has headquarters
in Wembley, London. The plan is used for developing both internal and external resources
making organization achieve its goals and objectives. Demand and supply of resources which
helps in making sure that resources are fulfilled more effectively. Then in then end of this file
various kinds of aspects relate over resource plan has been discussed.
MAIN BODY
Why deceive a plan
A Resource Plan is based over physical resources which helps upon completing the
project by listing out resources and its types and workforce required for it. It is helpful in making
identification provided over needs of resources. Under the plan three main steps are included
which are identifying types of resources needed over completing project with this quantity of
resources has been discussed. In this various kinds of aspects based upon resource development
is conducted(Chakraborty and Biswas, 2020). Then each type of resources are covered within the
plan and quantity of resources is identified more effectively. In order to make plan resources
schedule is formed making resources available on time. The resource plan helps for summarizing
the resources required tp complete project in proper manner. Resource plan specifies about exact
quantities of labor, equipment and materials needed to complete project. This Resource Planning
template also helps gain approval from Sponsor, ensuring their buy-in. The organization are
protected 28 times more money with resource plan helping in making output achieved with
reliability. Also senior executive helps in managing resources in strategic way. The resource plan
is based over guidance like
 Resource planning for teams
 Why resource planning is an essential part of project management
 The steps in the resource planning process
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 How to use the right resource planning tool
 The key features of an agile resource planning tool
These perspectives that has been mentioned is based upon making plans in effective way.
Also in this project management is covered which makes project completed in better manner.
Resource planning takes place when new project is started making within an organization
making plan prepared through analysing all challenges related to it.
Relevancy of plan with Euro Car Parts
The plan has been helping Euro Car Parts to allocate resources like stakeholders,
workforce and consumer which helps in preparing proper plan in relation to its development. The
planning for resource helps over increasing efficiency, maximizing resources, predicting future
applicability of project, developing better delivery process. Also the plan focus upon increasing
job satisfaction and retention within the team formed by Euro Car parts for its project. It leads
upon making strong relationship with clients(Akimova and et. al., 2020). All these perspectives
are achieved by figuring out over all project pipeline. Resource plan makes management of
resources done in more effective manner for Euro Car Parts. Spreadsheet and project
management tool is used which is responsible for making availability of resources possible more
effectively by Euro Car Part. There are various other models and theories used in order to
develop ideas for developing resources more effectively. This makes quick approach formed for
resource planning. This plan is effective as it makes resources used more effectively. Plan to
project this part of resource development plan is based over determining needs of resources
which makes Euro Cars Parts accomplish its task effectively. This is based over making proper
plan by Euro Car Parts for developing resources helping in full filling needs of employees within
effective period of time. Planning is an important perspective for making positive approach
attained upon project as it brings sub tasks which makes project completed within time. In order
to start the plan an organization like Euro Car Part should conduct meeting and analysis over old
resources. This is an important part of management process which is done before planning. It
makes planning to be done more effectively by keeping in mind all kind of resources which are
present or missing within organization. Thus meeting of management is required to be done
before making plan which helps in maximizing use of old resources. Through this plan leaders of
an organization is able to manage projects and challenges faced at the time of resource
development. Through planning project management is done with an positive approach. Leaders
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