CTM Budget & Resource Management Flashcards

Which resource allocation method assigns training staff based on the specific competencies required for each program?

Answer: Competency-based assignment

Competency-based assignment matches trainers to programs based on their specific skills and expertise relevant to the training content.

What is a learning management system (LMS) primarily used for in resource management?

Answer: Centralizing and tracking training delivery and records

An LMS centralizes training administration, delivery, tracking, and reporting, making resource management more efficient.

Which factor should a training manager FIRST consider when allocating limited training resources?

Answer: Organizational strategic priorities

Organizational strategic priorities should drive resource allocation decisions to ensure training directly supports business goals.

What is the term for using external vendors to deliver training when internal resources are insufficient?

Answer: Outsourcing

Outsourcing training to external vendors is a common strategy when internal capacity, expertise, or resources are limited.

A training manager needs to allocate 3 trainers across 5 simultaneous programs. What is the best approach?

Answer: Prioritize programs by strategic importance and assign trainers accordingly

Prioritizing by strategic importance ensures the most critical training programs receive trainer support when resources are limited.

Which cost category includes trainer salaries, materials, and facility rental directly tied to a program?

Answer: Direct training costs

Direct training costs are expenses directly tied to delivering training, including instructor salaries, materials, and venue costs.