Operations Management: A Strategic Approach
Added on 2020-01-07
15 Pages3249 Words1491 Views
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Implement Operational Plan
TABLE OF CONTENTSExecutive summery........................................................................................................................1introduction......................................................................................................................................1Human & other capacity requirements............................................................................................2Financial Requirements...................................................................................................................2Risk Assessment and mitigation strategy........................................................................................3Implementation................................................................................................................................5Action Plan......................................................................................................................................5Monitoring/Evaluating.....................................................................................................................9conclusion......................................................................................................................................10references.......................................................................................................................................11
TABLE OF FIGURESFigure 1: Gantt chart for operational plan.......................................................................................8Figure 2: Network diagram for operational plan.............................................................................9LIST OF TABLESTable 1: Action plan for Lakeview Motel.......................................................................................5
EXECUTIVE SUMMERYCase study analysis has reflected that Lakeview Motel was facing some specificoperational issue which have negative impact on competitive position of this motel. So, currentreport has developed appropriate operational plan for getting competitive position in the market.For implementing operational plan in effective manner Lakeview motel needs to hire twoexternal; employees with appropriate skills and experience. Including this, motel can makeappropriate arrangement of funds by using bank loan. It will help in getting £2504. Includingthis, current report has used Gantt chart for developing operational plan which has reflected thatimplementation of operational plan will take 68 days. So, project manager needs to mitigatedifferent associated risks such as financial, communication, planning and strategic, etc. Elsethese risks may harm the project deliverables and outcome. Including this, monitoring andevaluation process has reflected the success if implementation process of operational planbecause of no difference between actual and expected time and cost. INTRODUCTIONOperational plan can be defined as a plan which is prepared by an organization thatclearly defines actions to support strategic objectives and plan of top management. It focuses onday to day activities of the organization and tactical plan of the company. Operational planincludes extremely detailed information about the organization strategies. The current research isbased on implementation of operational plan. Regarding this study will focus on a case ofLakeview motel which is operating its business in a small town from last ten years. At present ithas only small debt remaining on the business. Major objective of this motel is to be debt freewithin two years (Kriz, Gummesson and Quazi, 2013). At present it is offering accommodationand home style meal facilities to its customers. Its ambiance and view are also very attractive forfamilies, couples and corporate executives. But from last one year several families have startedtheir own business and provide accommodation and food services to customers. Some of theseare quite expensive but offer excellent facilities. It has increased competition for Lakeview moteland declined the overall sales of the firm. Including this changes in taxation and insurancerequirements have also increased higher overheads for the business. So, owner of this organization wants to develop new strategies and plan to remaincompetitive and cope up with the changes. Regarding this, the current report will include1| P a g e
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