SIT50416 - Methods For Developing An Operational Plan & Purpose of A Budget - Management Assignment Help

Assignment Task -                 
 

Analyze – when a question asks you to analyze something, you should do so in detail, and identify important points and key features. Generally, you are expected to write a response one or two paragraphs long.

Compare – when a question asks you to compare something, you will need to show how two or more things are similar, ensuring that you also indicate the relevance of the consequences. Generally, you are expected to write a response one or two paragraphs long.  

Contrast – when a question asks you to contrast something, you will need to show how two or more things are different, ensuring you indicate the relevance or the consequences. Generally, you are expected to write a response one or two paragraphs long.  

Discuss – when a question asks you to discuss something, you are required to point out important issues or features and express some form of critical judgment. Generally, you are expected to write a response one or two paragraphs long.  

Describe – when a question asks you to describe something, you should state the most noticeable qualities or features. Generally, you are expected to write a response two or three sentences long.  

Evaluate – when a question asks you to evaluate something, you should do so by putting forward arguments for and against something. Generally, you are expected to write a response one or two paragraphs long.  

Examine – when a question asks you to examine something, this is similar to “analyze”, where you should provide a detailed response with key points and features and provide critical analysis. Generally, you are expected to write a response one or two paragraphs long.  

Explain – when a question asks you to explain something, you should make clear how or why something  happened or the way it is. Generally, you are expected to write a response two or three sentences long.  

Identify – when a question asks you to identify something, this means that you are asked to briefly describe the required information. Generally, you are expected to write a response two or three sentences long.  

List – when a question asks you to list something, this means that you are asked to briefly state information in a list format.  

Outline – when a question asks you to outline something, this means giving only the main points, Generally,  you are expected to write a response a few sentences long.  

 The Questions Below: 

1. Explain the purpose of a Strategic Plan and an Operational Plan, and the role of an Operational  Plan in achieving the organization’s objectives.  

2. Explain the difference between an operational plan modelled on the organisation as a whole and one that has been modelled to suit a specific organisational goal or department.  

3. Explain two typical methods for developing an Operational Plan.  

4. Explain the purpose of a budget. 

5. Explain typical budgeting processes.  

6. Explain the purpose of key performance indicators.  

7. List four different approaches to developing key performance indicators.  

8. Describe the concept of a balanced scorecard as an alternative approach to measuring business performance through key performance indicators.  

9. Explain the concept of benchmarking as a way of assessing business performance. 

10. Provide a definition of a PCBU and outline their key responsibilities.  

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