100%

1.1.2 Operational Plan Models and Methods

Lesson Progress

1.1.2 Operational Plan Models and Methods

Your operation plan concerns the specific procedures and processes that happen from the lowest level of the organisation. Given their detailed nature and broad usage, it is important to note the different operational plan models you can employ.

  • Single-use Plans 

As suggested by their name, these plans are intended to be used only once. Single-use plans involve activities that won’t be repeated and have an expiration date. 

Some examples of single-use plans include:

  • Creating a monthly budget
  • Developing an advertisement to boost product sales for the quarter

  • Ongoing Plans

Plans that are designed for long-term use and built to withstand the test of time are called ongoing plans. Unlike single-use plans, these plans are intended to be used repeatedly. As such, ongoing plans are not fixed and would undergo changes when necessary.

Some examples of ongoing plans include:

  • Outlining an employee’s annual performance goals
  • Setting your department’s annual sales goals

Likewise, there are key methods that you must remember to employ in the creation of your operational plan. These include:

  • Project Evaluation Review Technique (PERT)

This method involves the use of charts and tools to visually represent the projected timeline of a project. PERT analyses the overall timeframe of a given project and goes into all its elements, identifying the time it would take to complete specific tasks. The main advantage of employing this method is that it allows for variations in planning.

  • Critical Path Method (CPM)

This method considers the most crucial tasks in a given project that need to be performed for the project to be considered successful. It specifically considers the order in which tasks must be done and uses this information to determine the duration of the project. It focuses on the longest sequence of tasks in a given project – your critical path. This method enables you to plan sufficiently for the projected duration of your project and consider what you ought to do should there be delays.