Thanks Robyn - yes, this is the process for LAMS V1. It's a bit cumbersome, but it does work.
I should note that in LAMS V2, which comes out next month, we've solved this issue by having the LAMS sequence export file come out as a .zip file which incorporates any embedded resources such as Word and Powerpoint. So this means you just download the sequence once, and import it, and everything is already in place.
NB: If you would rather store your resources in an external repository, then you can still do this and point to them via a URL in Share Resources (rather than embed them in the sequence) - this decision (embed internal or point to external) is up to you as an author, depending on your circumstances.
One extra thing to be aware of with the new .zip feature for sequences: LAMS V2 export files will sometimes be much larger than in V1 because they incorporate any other files, and if these are big, then the full sequence file will be correspondingly large.
Posted by James Dalziel