Overview
Vision, strategy and execution drive Business Success. In this triangle, Operations take care of the execution. So: having an operational plan is crucial because it provides direction and guidelines to your teams. Secondly, you make yourself accountable to executives. The Operational Plan contains: forecasts, required resources, costs, budgets and performance measurement. Based upon the plan, performance monitoring is done. It requires deep understanding of your business, operations, finance and resources, because it can become complex.
Why this course? Firstly, this course provides a guide and heaps of advice for establishing an Operational Plan. Secondly, the course focusses on managing Operations according to plan and explains how to act upon deviations. It will focus on the various budgets and resources. Also, It provides valuable advice and templates how to correct staff performance. Alongside, it provides guidelines and methods for contingency plans. In summary, no big conceptual models, but it offers practical methods how to do it and how to make the tough decisions.
So, in this course you will learn:
- Developing an Operational Plan
- Developing budgets that guide costs and revenues
- Scanning the environment for crucial information
- Establishing and ‘reading’ forecasts
- How to link the Operational Plan to the Strategic Plan
- Key Performance Indicators as part of the Operational Plan
- How to prepare for contingencies
- Acquisition of resources
- Monitoring Operational Performance against Plan
- How to make the Hard Decisions
Share with:
Course Features
- Lectures 11
- Quizzes 0
- Duration 4 hours
- Skill level All levels
- Language English
- Students 0
- Certificate Yes
- Assessments Yes
Curriculum
-
Manage Operational Plan
Learn how to develop and manage the Operational Plan
- Importance of the Operational Plan
- Operational Plan: what is it?
- Environmental Scanning
- Forecasts for outcomes of successful business
- Operational plans contribute to performance and business plan outcomes
- Key Performance Indicators are developed within operational plans
- Contingency plans for variations on initial plans
- Resources: hiring employees
- Induction for Performance
- Resources: Justifying deviations
- Monitor Operational Performance
