- 4th Sep 2020
- 06:03 am
A business plan is very much crucial for developing a well-organized business organization. It is also defined and describes the future of the business. It is a collection of documents that will describe the strategy of the business and establish a written plan for a new business plan. In any kind of organization business plan is helpful to perform several tasks that will be done by the employee in the organization. Some potential problems are also being solved by developing a new business strategy. The business concept is very much crucial for developing a new business plan. The market section is also responsible for conducting a suggestive business plan. This report will be discussing the tools of the relevant management and also discuss the example of the tools in real life.
Demonstrate The Business Function With A Relevant Management Tool
In the current century, a business plan is very much important for developing a well-structured business organization. This report will describe the elements of organizational tools. A business function is very much important for developing a suitable business opportunity and it is always forced on the development of business opportunities. With the help of the conceptual network, it is very important to analyze the part of the conceptual network. The design must be created with the help of the employee of the business organization. In a business function, the goals and usability are very much important for developing a detailed addressing and system analysis.
On the other hand, it is very important for a business organization and it is very important for developing a suitable business opportunity (Kristensen and Jonsson, 2018, p.10). The author needs to develop a better opportunity for the reader and is very important for developing suitable documentation and tanning opportunity. There are lots of different steps are there that help to develop a new business plan and organization. Some different steps are showing below.
- Conduct a business definition with requirement analysis.
- Determine a basic and business function.
- Demonstrate a current activity with a task analysis.
- Establish a conceptual model of the system.
- Conduct a style guide or a design standard.
- Define the documentation and training needs for business activities.
The object of the phase is established for developing a new business management project and an object is required for developing the product description into the business function. On the other hand, it is very important for developing a new business strategy and developing a new business plan. Some different types of tolls are here and it also helps to define the business function and it is very important for sustainable development (Cecere 2018, p.12).
Tools
Project management is a very complex and also challenging task it also has some challenging responsibility. There are many tools that are present that helps to assists the accomplishing task and execute the responsibility. The project manager has to choose a project management tool to define a suitable discussion of the project managers. The project evaluation review technique is one of the most important tools that were used in project management. PERT is a control and planning used tools for developing and controlling the necessary task. On the other way, it is a critical path method and it may be defined interchangeably with different types of measuring tasks in the organization (Ávila et al, 2019, p.1382). Both the charts are displayed on the total project schedule and it may be defined with the help of the own sequence. In this section, a graph representation is called a CPM diagram or a project network. It establishes a graphical interrelationship with the elements of the project and shows in the order of the perforation types.
Example of PERT applied
Indicator of specific milestones and activities- This activity is helped to evaluate the whole project and it is very important for the sustainable development of the business organization.
- Determine the proper sequence of activities- PERT is helping to show which stage it depends.
- Establish a network diagram- It helps to construct a network diagram and it is very important for establishing sequence information and also evidence of all the tasks. Other tasks may be required for developing a well class system opportunity.
- The ability of time control for each activity- PERT chart is a tool that used to measure a time slap and it is one of the most important parts of sustainable business development. With the help of this tool, a business plan is very easy and it is very important for all of the nearest operations.
- Update the PERT chart of project management- As per the project unfolds, in a PERT chart, it modified with the help of the additional resources and it is quite possible for developing a well-organized business environment (Atakan et al, 2019, p.12).
Gantt chart
Gantt chart is also a very important tool for developing a well-organized business opportunity and it is very important for showing the calendar and the time assessment. It has a graphical representation that helps to show the chat and complete the task within the given time. It is ideal for tracking packages. On a daily basis, the complex task of the research milestone is very much important for developing a suitable business organization (Wang et al, 20169, p.10). In the actual working days, it is very dependable on the working objectives of the business functions. This information helps to target the potential timeline with slippage and points of failure. It is a valuable and most important budgeting tool for suitable business development.
Steps of Gantt chart
- List all of the activities- It is the first part of the Gantt chart. In this part, the estimated length is taken whether it is parallel or not. It totally depends on the sequential task.
- Scheduling the activity- Activity is one of the most important parts for the Gantt chart and it is important that the chart is sequential or not. In order for the management activities, it totally depends on the working procedure of the critical path. At the time of scheduling, it is very important to ensure that it is only the best working tool on business operations.
- Analysis of the presentation- Presentation analyzing is one of the most important parts of the final vision of the Gantt chart (Chandrashekar and Sawalekar, 2019, p.10). This chart helps to show the resource analysis program. This chart also shows the anticipative and also helps to schedule the working time of the task. An example of a Gantt chart is defined below.
Applied operation of the Gantt chart
Gantt chart is used to apply on the scheduling the activities and also improved the forecasting of resource requirements.
It is helpful to identify the pattern planning that can be followed in another project; it helps to simplify the project (Häll et al, 2019, p.216).
It has the ability to seen the research activity and it will be reflected in the interproject dependency and also help to follow the priority rules.
It is work on the expected of project completion time, probably it was complete before the specified date and the critical path activity is very, much important for developing this kind of tool.
Supporting evidence of reading about the topic areas
Operation management is a framework that helps to develop and understanding the conceptual framework, it is very important for developing a new business plan. In the context of the business organization, it is very important for developing business rivals. In the above research, it will be discussing the tools and establish a new plan of marketing opportunity. In this section, the research items are elaborate with the supporting evidence; this type of supporting evidence is called the key element of business case company (Nabil et al, 2018, p.171). The supporting key elements are defined below.
- Elements of the operation process - The operation process is mainly depending on the organization’s activity and the business process. It is mainly defined as the information read and the operational business process. During the research process, it is realized that there are different types of realizing process are there and it is very important for the essential business activity.
- Transformation process - The transformational process supports the group of the activity and it was supporting the PEST analysis, it is able to take support more than one input. It is relatively very important for all of the business organization. In this research, it is very important to identify the transformational process of activities (Nemati et al, 2017, p.323).
- Resourcing - In every kind of organization resource is one of the most important parts. In the above research, all the data and information are extracted from the resource chapter and I think it is very important for the research analysis.
- Product service delivery - A product survey is one of the most important parts of an organization. It is quite important for research topology. In this above research, the Gantt chart is also developing a time slot where it is very important to calculate the time of the product delivery opportunity.
- Managing capacity - Capacity is one of the most important parts of developing sustainable development. In the above research proposal, the capacity is very much important for developing a suitable business plan and it is very important to manage the capacity in the research levels organization (Stentoft et al, 2019, p.12).
- Managing quality - The quality of the product is very much important for developing suitable business development. In the above research, it will be identified that managing tools are established different types of managing quality and establish a better research environment.
Conclusion
At the end of the study, it will be committed that, a business plan is very much important for suitable business development. In the research part, it will define some different types of tools and their working opportunity. A business plan is also being used for investigating or seeking the entrepreneur’s condition for developing a perfect vision. It is also used in the firm and also trying to attract the employee of the organization. A new business plan is to deal with contractors and suppliers to develop a better business goal. The new strategy is very helpful for developing a sustainable business organization. A business plan is very important to establish a well-organized business organization.
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References
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- Cecere, L., 2018. What is the value proposition of sales and operations planning.
- Ávila, P., Lima, D., Moreira, D., Pires, A. and Bastos, J., 2019. Design of a Sales and Operations Planning (S&OP) process–case study. Procedia CIRP, 81, pp.1382-1387.
- Atakan, S., Gangammanavar, H. and Sen, S., 2019. Operations planning experiments for power systems with high renewable resources. Technical report, Southern Methodist University.
- Wang, K., Wang, S., Zhen, L. and Qu, X., 2016. Cruise shipping review: operations planning and research opportunities. Maritime business review.
- Chandrashekar, S. and Sawalekar, V., 2019. Forecast and Context Driven Sales & Operations Planning.
- Häll, C.H., Ceder, A., Ekström, J. and Quttineh, N.H., 2019. Adjustments of public transit operations planning process for the use of electric buses. Journal of Intelligent Transportation Systems, 23(3), pp.216-230.
- Nabil, L., El Barkany, A. and El Khalfi, A., 2018. Sales and Operations Planning (S&OP) Concepts and Models under Constraints: Literature Review. In International Journal of Engineering Research in Africa (Vol. 34, pp. 171-188). Trans Tech Publications Ltd.
- Nemati, Y., Madhoshi, M. and Ghadikolaei, A.S., 2017. The effect of Sales and Operations Planning (S&OP) on supply chain’s total performance: A case study in an Iranian dairy company. Computers & Chemical Engineering, 104, pp.323-338.
- Stentoft, J., Freytag, P.V. and Mikkelsen, O.S., 2019. Improved Competitiveness through Implementation of Sales & Operations Planning. In Improved Competitiveness through Implementation of Sales & Operations Planning. Syddansk Universitet. Institut for Entreprenørskab og Relationsledelse.