Types of project planning tools how to#Standing plans also save time because managers know in advance how to address common situations. Managers don’t have to make unique decisions already addressed by various organizational policies. The advantage of standing plans is that they foster unity and fairness within an organization and help to support stated organizational values. Examples include policies, procedures, and regulations. Standing plans are plans designed to be used again and again.There are two types of operational plans: standing plans and single-use plans. A goal may be to increase product sales by 3 percent an objective may be to hire two additional sales agents.) It will allocate the tangible resources (labor, equipment, space) and authorize the financing necessary to meet the objectives of the plan. ( Objectives are specific tasks undertaken to meet broader goals. Operational Plans: Standing Plans and Single-Use PlansĪn operational plan describes the specific goals and objectives and milestones set by an organization during a specific period. A team leader may only be comfortable planning and implementing very specific activities over the period of a month. A marketing manager may direct a three- to four-month plan that involves the introduction of a new product line. For example, a department manager may be comfortable implementing an operational plan for the entire year for her department. Different managerial levels have responsibility for implementing different types of short-term plans. Like long-term plans, short-term plans must be monitored and updated, and this is the role of middle- and first-level management. They may also be referred to as operational plans because they are concerned with daily activities and standard business operations. Short-term plans generally allocate resources for a year or less. The larger and more complex the organization, the larger and more complex the long-term plan will be to include all of the individual departments and functions. It is up to the CEO to make sure that changing conditions (both external and internal) are reflected in the organization’s long-term plan. Top management is responsible for the development of the long-term plan. After that, it becomes too difficult to predict the future with any degree of certainty. For other faster-changing industries, especially technology companies, a long-term plan may only look two or three years into the future. A long-term plan for many businesses, such as construction, hospitality, or manufacturing, generally extends four to five years into the future. It also needs a long-term plan to make sure that the daily activities of its employees are contributing to the mission and value statements of the organization.Ī long-term plan is crucial to the ultimate success of the organization. An organization, especially a business, is not so different. You could have just enrolled in a school and taken classes that looked interesting, but then where would you be in four years? You most likely would not have taken the courses required to qualify you for the job you want. Your long-term goal was necessary to make sure that your daily activities would help you achieve your desired outcome. Or, you may have committed two or three years to become a nurse, a medical technician, or an electrician. You would spend the next four or five years preparing to become a teacher, a businessperson, or perhaps an ecologist. When you decided to attend college, you had a long-term plan in mind. Watch the short animated video for a brief overview of the importance of long-term and short-term planning. You can view the transcript for “Long term and short term planning animated” here (opens in new window). Explain the use of “management by objectives” (MBO), SMART goals, and benchmarking in planning.Differentiate between forecasting, scenario planning, and contingency planning.Explain the role of budgets in the planning process.Explain how policies, procedures, and regulations impact operational plans. Differentiate between standing plans and single-use plans.Differentiate between the uses of long-term plans, short-term plans, and operational plans.
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