MANAGE OPERATIONAL PLAN
MANAGE OPERATIONAL PLAN BSBMGT515A
Table of contents
1. Introduction (1)
2. Operational planning within The Iconic (2)
3. Components of operational plan (3)
4. Budgets (4)
5. Forecasts (5)
6. Environmental Scanning (6)
7. Key performance indicators (7)
8. Acquire Resources (8)
9. Monitor Operational Performance (9)
10. Monitor and review operational performance (10)
11. TOWs analysis on The Iconic (11)
12. Summary (12)
13. Reference list (13)
Introduction (1)
Planning means factoring in all aspects of what needs to happen in the future in order to ensure that it all gets done in the time available. In a business environment we use operational plans to ensure that targets are met within given timeframes and to satisfactory quality standard.
There are three types of plan used at different levels within an organisation:
Strategic plan
Business plan
Operational plan
The strategic plan is developed for long-term planning and covers a period of about five years. The strategic plan specifies the missions and goals of the organisation including decisions on how resources, both capital and human, will be allocated to meet organisational goals.
A business plan sits between the highest-level plan (the strategic plan) and the operational plan. A business plan is a formal statement of a set of business goals and objectives that are to be achieved to meet the strategic objectives of the organisation. The business plan includes the reasons why the goals and objectives are believed to be attainable, the plan for reaching those goals inclusive of relevant information about the organisation.
An operational plan focuses on the short-term objectives, what needs to be accomplished in the near future in order that the company can progress towards achieving its strategic objectives. Operational plans generally have a focus of less than one year and are quite detailed in terms of what needs to be implemented and how.
Operational planning within The
Table of contents
1. Introduction (1)
2. Operational planning within The Iconic (2)
3. Components of operational plan (3)
4. Budgets (4)
5. Forecasts (5)
6. Environmental Scanning (6)
7. Key performance indicators (7)
8. Acquire Resources (8)
9. Monitor Operational Performance (9)
10. Monitor and review operational performance (10)
11. TOWs analysis on The Iconic (11)
12. Summary (12)
13. Reference list (13)
Introduction (1)
Planning means factoring in all aspects of what needs to happen in the future in order to ensure that it all gets done in the time available. In a business environment we use operational plans to ensure that targets are met within given timeframes and to satisfactory quality standard.
There are three types of plan used at different levels within an organisation:
Strategic plan
Business plan
Operational plan
The strategic plan is developed for long-term planning and covers a period of about five years. The strategic plan specifies the missions and goals of the organisation including decisions on how resources, both capital and human, will be allocated to meet organisational goals.
A business plan sits between the highest-level plan (the strategic plan) and the operational plan. A business plan is a formal statement of a set of business goals and objectives that are to be achieved to meet the strategic objectives of the organisation. The business plan includes the reasons why the goals and objectives are believed to be attainable, the plan for reaching those goals inclusive of relevant information about the organisation.
An operational plan focuses on the short-term objectives, what needs to be accomplished in the near future in order that the company can progress towards achieving its strategic objectives. Operational plans generally have a focus of less than one year and are quite detailed in terms of what needs to be implemented and how.
Operational planning within The