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Report on Effective Management of Operations Plans

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Added on  2020-04-21

Report on Effective Management of Operations Plans

   Added on 2020-04-21

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Student NameEFFECTIVE MANAGEMENTOF OPERATIONSPLANS
Report on Effective Management of Operations Plans_1
Task 1 - Manage Operational Plan Question Answer1.resources requirements to develop an operational plana)Human resource b)Raw materialsc)Land resourced)IT resourcese)Energy resources2.key performance indicators and how they help operation plansKey performance indicators are measurable values which can be used to calculate performanceso as to develop tables, charts and graphs. The data is translated to visual content thus allowingthe stake holders determine individual, team or organisation performance.3.What is the importance of a contingency planA contingency plan helps identify events which may occur in the future both positive andnegative thus allowing the business prepare in advance. It helps with promoting organisationperformance as well as preparing for risks4.Plan approvalsa.I will ensure the plan is legally recognized which makes it easier to secure grant andloan approvals. After completing the legal obligations I shall present the plan toinvestors and entrepreneurs to secure financial support or funding.b.Approvals are critical due to them legalizing the proposed plan thus allowing theinvestor secure their investment. Banks and other major organisations will alsomainly only fund project plans which are legally recognized.5.Importance of resource acquisition To resource stability t is critical for the review and identifies all resources which need to be listedand organized as per their requirement. It’s also important to identify alternative resources whichcan be turned to at a later stage which will allow for long term resource security and invest onthe resources beforehand.
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6.Performance measuresa.Qualityb.Quantityc.Customer feedback and ratingd.Innovationse.Meeting set business targets7.a.Monitoring profits and productivityProfile/ Loss balance sheetSales RecordsProduction RecordsCustomer demandEmployee performance and productivityb.BIG APPLE Store analysis1.the store has note met its sales target2.advertising, postage and power3.Yes the store is a making a profit but it is 8.33% below the expected profit4.Increasing sales and cutting down on expenses incurred on advertising,postage and power expenses 8.Non-performance can be identified by failing to meet targets and miking obvious processmistakes. It can be improved by providing training session to helps employees home theirskill on their responsibilities.9.Providing support to the teamTo effective provide support to the team it is important for the team lead to focus on firstidentifying areas they staff may be failing to meet. These areas can then be evaluated to developprograms which assist the colleagues and team mates manage their under perfuming areas andhelp improve their performance.10.Operations performance documentsa.Employee work performanceb.Production targets and achievement statement
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