Manage Operational Plan

Manage Operational
Plan

Table of Contents
INTRODUCTION...........................................................................................................................1
Models and methods of operational plan................................................................................1
Role of an operational plan in achieving objectives...............................................................1
One budgeting process used by the company.........................................................................1
Approaches to develop key performance indicators to meet objectives................................1
Legislative and regulatory context relevant to operational plan............................................1
Organization’s policies and procedures which relate to the operational plan........................2
SWOT analysis.......................................................................................................................2
Viability of business plan.......................................................................................................2
Business name for “Go” business...........................................................................................2
Development of mission statement........................................................................................3
Vision statement and value statement....................................................................................3
Development of organizational chart.....................................................................................3
Management plan of one functional unit................................................................................3
Key result areas for the unit....................................................................................................3
Development of operational procedure to achieve KRA.......................................................4
Requirement of resources to implement operational plan......................................................4
Resources which will be required by the company................................................................4
Strategies to obtain additional resources................................................................................4
Milestone in the implementation of the plan..........................................................................5
Checklist for monitoring effectiveness of Operational Plan..................................................5
Features of an effective monitoring........................................................................................6
List of contingency plan.........................................................................................................6
Plan to protect intellectual property.......................................................................................6
STEP 5.............................................................................................................................................6
Reflection on role of nurses in addressing health needs of Aboriginal and Torres Strait
Islander people in culturally safe way....................................................................................6
Conclusion.......................................................................................................................................6
REFERENCES................................................................................................................................2

INTRODUCTION
For managing operational plan, it is important for an organization to develop and effective
operational plan (Maheshwari and et.al., 2019). It plays an important role which allows company
in accomplish goals by making employees aware as what they are asked to do exactly.
Models and methods of operational plan
For developing an operational plan, company have to follow several functions and analyse
business environment. Some strategic based model include; SWOT, establishment of vision,
mission, values, Stakeholder analysis, budget, monitoring (Nakamura, 2019).
Role of an operational plan in achieving objectives
Operational plan refers a highly detailed plan which shows manager that how their team
will perform and contribute in accomplishment of goals. It also give a clear picture to workers as
what they have to do which improves their productivity.
One budgeting process used by the company
For making a budget annually, it sets goals; identify its income and expenses, needs and
wants than design of their budget, than put plan into actions and then look forward.
Approaches to develop key performance indicators to meet objectives
There is a 4 step approach to develop a key performance indicator such as: determining
strategic objectives as why it is important and required to use this tool, defining success,
deciding on measurement and writing smart key performance indicators.
Legislative and regulatory context relevant to operational plan
There is a requirement of regulations and legislation which may include: emergencies,
health and safety tools and standards, the environment, privacy, operation processes, emergency
procedures and management procedures.
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