Explain the purpose of an operational plan

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Reference no: EM133849033

Questions:

a. Explain the purpose of an operational plan and why it is a key component in the management of day to day business operations. Include information and examples which demonstrate how an operational plan assists in achieving the objectives of the organisation.

b. Describe at least two models and two methods which can be used when developing operational plans.

c. Based on the models and methods you have discussed, select your preferred method and provide the reasons for your selection.

d. Provide an overview of the budgeting processes which will be used to manage the operations of the business and provide examples. (This could include screen shots of software which is used or sample budgets which will assist the team in understanding the budget process).

Reference no: EM133849033

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