Operational Planning.

Operational Planning.

Definition

Operational planning refers to the process of projecting strategic aims and objectives in details by the management of an organization to achieve tactical objectives and goals set out in the strategic plan. It entails a provision of a clear picture on how a team, a section of the department will aid in the achievement of the organization’s goals (Kasturiarachchi, 2009).

Acquisition and disbursement of resources.

The process of managing an operational plan will include; firstly setting specific goals to be achieved, then the actual actions that are crucial in realizing the set goals. Thirdly is to determine the human resource to be employed in accomplishing various tasks. Physical resources should then be determined in addition to human effort. The budget should then be laid down to cater for all the expenses to be incurred. Lastly, time element-how long the goals are likely to take to be achieved should be taken into considerations (Kasturiarachchi, 2009). In case of circumstances changes midway project period rendering the original plan unsuitable then a contingency planning becomes necessary; where an alternative planning is done so as to incorporate the changes.

Risk analysis procedures

Risk analysis as a process helps inciting and managing probable problems that could affect the undertakings of the organization’s goals, plans or projects as scheduled. It encompasses identifying the likely failures or threats that might be faced then approximate the likelihood that such threats will materialize. In risk analysis, the main threats to the operational plans from various sources including human risks like illnesses, death, and loss of the main individuals are considered (Mori, Kobayashi, Samejima, & Komoda, 2017). The second step would involve the estimation of the risks, that’s approximating the likelihood of the threats happening and their likely impact.

The purpose of a budget.

Ambitious operational plans turn out ambiguous without resources to accomplish it. An organizational Budget becomes crucial. The budget mostly projects the costs of various activities and undertakings of an organization. It should be properly managed and closely monitored to ensure that expenses and incomes are tracked in line with the targets. The budget measures the strength by which planned activities of the organizations accurately matches the available resources (Chawla, 2015).

The importance of monitoring and evaluation.

Monitoring and evaluating already set out plans is significance in the following ways .one; it can help an organization in establishing the links between the past, present and the future projects and initiatives. Secondly, it helps the team to obtain relevant information and facts from the past and ongoing activities that may be used as the basis for program reorientations and future planning Problems and gaps are detected earlier enough and necessary steps taken before getting out of hand (Kasturiarachchi, 2009). Monitoring and evaluation can be achieved through giving regular feedback on the progress being made towards achieving goals in various stages of activities objectives. Constant inspection, audit, reviews and research accomplish evaluation and monitoring.

Failure of predetermined standards

If the performance is not met in the predetermined standard, then contingency plans are constructed. Other variances may be rescheduled to follow the desired direction of an outcome. SWOT analysis may also aid in detecting possible challenges and identify possible solutions for such problems. Technological changes may become important if the current technology becomes obsolete. Reorganization of the whole operations becomes the last resort.

In conclusion, For any organization to realize its planned and projected outcomes regarding saying profits, productions is important to formulate a sound operational plan. This will guide the organization through every step of any activity its undertaking hence ensuring maximum utilization of all resources while maximizing the desired output.

References

Chawla, K. (2015). Business planning essentials: preparing a business Plan. Journal Of Advances In Business Management, 1(3), 93-99. http://dx.doi.org/10.14260/jadbm/2015/12

Kasturiarachchi, A. (2009). Handbook on planning, monitoring and evaluating for development  results (1st ed.). New York: United Nations Development Programme.

Mori, M., Kobayashi, R., Samejima, M., & Komoda, N. (2017). Risk-cost optimization for procurement planning in multi-tier supply chain by Pareto Local Search with relaxed acceptance criterion. European Journal Of Operational Research. http://dx.doi.org/10.1016/j.ejor.2017.01.028

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