TASK 1.docx - MUHAMMAD AKBAR 17756 ASSESSMENT TASK ONE...

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MUHAMMAD AKBAR17756ASSESSMENT TASK ONE Short Answer Questions 1.Explain the purpose of a Strategic Plan and an Operational Plan, and the role of an Operational Plan in achieving the organisation’s objectives (in 120 to 150 words). A strategic plan outlines your mission, vision, and high-level goals for the next three to five years. It also takes into account how you’ll measure those goals, and the major projects you’ll take on to meet them.An operational plan (also known as a work plan) is an outline of what your department will focus on for the near future, usually the upcoming year.The purpose of the Operational Plan is to provide organisation personnel with a clear picture of their tasks and responsibilities in line with the goals and objectives contained within the Strategic Plan.Basically, the Operational Plan is a plan for the implementation of strategies contained within the Strategic Plan.It is a management tool that facilitates the co-ordination of the organisation's resources (human, financial and physical) so that goals and objectives in the strategic plan can be achieved.2.Outline the four (4) types of information that is usually included in anOperational Plan. clear objectives of themactivities to be deliveredquality standardsdesired outcomesBSBMGT517TASK 1
MUHAMMAD AKBAR177563.Explain a typical process for developing an Operational Plan (in 20 to 30 words). Allocating Human ResourcesEvery strategy must have an "owner" i.e. somebody has to be responsible for thatstrategies implementation. If someone is not made responsible for the strategy, it is highlylikely that it will not be implemented.Allocating Financial ResourcesNot every strategy requires money, but most will. If people have to be paid to do work,then there will be financial resources needed for remuneration.Setting TimelinesThe implementation of any strategy needs a timeline, that is a time period during whichwork is performed to achieve the desired outcome. The time period can be as short as aday, or it can be several months. The time period could be in the near future, or it mightbe scheduled for a future year.Set Performance IndicatorsThe term 'performance indicator' may be defined as a standard or target that should beachieved. If the standard is reached or the target is achieved, then the strategy might beconsidered as "performed", in other words a success.

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