QUESTION: 2
Analyze the given information and decide which planning tool can help him to achieve the objective? Give
appropriate reasoning to support your answer.
For this example, managers should focus on the "POLCA" function
Manager should use the function that the planning function, several techniques
been developed to assist managers in assessing the achievement of goals and objectives,
This scenario planning managers is the best technique that can be used to predict that
or the objectives set are put in place and will take place on time, or not?
Planning:
"The planning involves defining organizational goals, setting organizational goals, and
development of a set of plans for achieving the goals of the organization
Planning is as anticipated decision that is made by administrators "
Managers need to provide so that the goals can be achieved at the right time, in order
Ali a manager should provide both the objectives or the project is carried out within the given time or not. To do so administrators can use the technique of environmental analysis.
Environmental Scan:
Environmental Scanning is a process of screening of large amounts of information
anticipate and interpret the changes in the environment Analysis environment is the basis for the development of projections thus a manager we can easily get to know the results of their actions
The categories of forecasting techniques:
♦Quantitative projections:
Applies a set of mathematical rules that is like a series of past data to
predict outcomes.
♦Qualitative forecast:
To do this, the administrator uses the judgments and opinions of knowledge
individuals to predict outcomes.
♦Critical Forecast:
These managers scenario is based mainly on individual judgments or
committee agreements about future conditions.
♦)What's the forecast?
Forecasting is the process of predicting changes in conditions and future events that may significantly affect the business of an organization.
1. The forecast is important for planning.
2. The forecast is used in a variety of areas such as:
Production Planning
Budgeting, strategic planning
Sales Analysis
Inventory
For director is important to consider the effectiveness of forecasting.
Some suggestions for improving the effectiveness of prediction are:
♣) Managers should use simple prediction techniques.
♣) Managers must compare all expectations "no change".
♣) The forecast should be short.
♣) Do not assume you can accurately identify turning points in a trend.
♣) Manager should not depend on a single forecasting method.
♣) management is a skill and can be practiced and improved
Quantitative projections are based on numerical data and mathematical model to predict
future
can be divided into other trailer models or methods
1:Time Series Model
2:Explanatory or causal model
Qualitative Prediction:
In this case, or in this scenario manager should use this type of forecasting to better
result can be archived and goals can be achieved and project can be completed in as
time, is aimed primarily at predicting long-term trends and other important aspects.
The focus is on long-term issues that are less susceptible to numerical analysis
quantitative approaches.
The Delphi method and scenario analysis techniques can be used as.
Judgmental forecasting is based mainly on individual judgments or committee agreements with respect to future conditions.
1. Trial prediction methods are highly susceptible to bias the choice of forecasting method to use depends on the particular needs, forecasting situations:
1. Quantitative methods of forecasting:
◙It's for a short period of time if a method is developed
◙They often have high development costs
◙They have a short time horizon and medium term
◙Are high in accuracy in identifying patterns
2. Technological Forecasting methods:
◙Are the costs of development of medium
◙They have a medium time horizon and long
◙For a while medium to long term
◙Have average precision in the identification of patterns.
◙Have average precision in predicting turning points
◙It has easy to understand.
For our case Mr Ali the project manager of the company should use the qualitative
forecasting technique that he can easily know that either the project will
on time or not?
Analyze the given information and decide which planning tool can help him to achieve the objective? Give
appropriate reasoning to support your answer.
Solution Q.# 2:
For this example, managers should focus on the "POLCA" function
Manager should use the function that the planning function, several techniques
been developed to assist managers in assessing the achievement of goals and objectives,
This scenario planning managers is the best technique that can be used to predict that
or the objectives set are put in place and will take place on time, or not?
Planning:
"The planning involves defining organizational goals, setting organizational goals, and
development of a set of plans for achieving the goals of the organization
Planning is as anticipated decision that is made by administrators "
Managers need to provide so that the goals can be achieved at the right time, in order
Ali a manager should provide both the objectives or the project is carried out within the given time or not. To do so administrators can use the technique of environmental analysis.
Environmental Scan:
Environmental Scanning is a process of screening of large amounts of information
anticipate and interpret the changes in the environment Analysis environment is the basis for the development of projections thus a manager we can easily get to know the results of their actions
The categories of forecasting techniques:
♦Quantitative projections:
Applies a set of mathematical rules that is like a series of past data to
predict outcomes.
♦Qualitative forecast:
To do this, the administrator uses the judgments and opinions of knowledge
individuals to predict outcomes.
♦Critical Forecast:
These managers scenario is based mainly on individual judgments or
committee agreements about future conditions.
♦)What's the forecast?
Forecasting is the process of predicting changes in conditions and future events that may significantly affect the business of an organization.
1. The forecast is important for planning.
2. The forecast is used in a variety of areas such as:
Production Planning
Budgeting, strategic planning
Sales Analysis
Inventory
For director is important to consider the effectiveness of forecasting.
Some suggestions for improving the effectiveness of prediction are:
♣) Managers should use simple prediction techniques.
♣) Managers must compare all expectations "no change".
♣) The forecast should be short.
♣) Do not assume you can accurately identify turning points in a trend.
♣) Manager should not depend on a single forecasting method.
♣) management is a skill and can be practiced and improved
Quantitative projections are based on numerical data and mathematical model to predict
future
can be divided into other trailer models or methods
1:Time Series Model
2:Explanatory or causal model
Qualitative Prediction:
In this case, or in this scenario manager should use this type of forecasting to better
result can be archived and goals can be achieved and project can be completed in as
time, is aimed primarily at predicting long-term trends and other important aspects.
The focus is on long-term issues that are less susceptible to numerical analysis
quantitative approaches.
The Delphi method and scenario analysis techniques can be used as.
Judgmental forecasting is based mainly on individual judgments or committee agreements with respect to future conditions.
1. Trial prediction methods are highly susceptible to bias the choice of forecasting method to use depends on the particular needs, forecasting situations:
1. Quantitative methods of forecasting:
◙It's for a short period of time if a method is developed
◙They often have high development costs
◙They have a short time horizon and medium term
◙Are high in accuracy in identifying patterns
2. Technological Forecasting methods:
◙Are the costs of development of medium
◙They have a medium time horizon and long
◙For a while medium to long term
◙Have average precision in the identification of patterns.
◙Have average precision in predicting turning points
◙It has easy to understand.
For our case Mr Ali the project manager of the company should use the qualitative
forecasting technique that he can easily know that either the project will
on time or not?
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