Question

In: Operations Management

What are the six planning tools and techniques? Using an example from your experience (as a...

What are the six planning tools and techniques? Using an example from your experience (as a student or at work), describe how you could use one of the techniques or tools to improve planning in your future. You may choose to apply your response to a specific goal in answering this question.

Solutions

Expert Solution

The six planning tools are:

Forecasting - This tool is used to predict a future event and plan for the event. It might involve meeting future challenges or taking advantage of future opportunities.

Contingency planning - This plan is formed to take action if the forecasted events don't happen in the way they were envisaged.

Goal-setting - in this tool, a fixed goal is set which helps in motivating people to work towards the achievement of the goal.

Participatory planning - In this planning, a group of people is formed into a participatory group to facilitate development through strategic processes.

Benchmarking - In this plan, the performance has to be measured by preset benchmarks or standards set up by other companies or the norms in the industry.

Scenarios planning - As the name suggests, this planning pool requires assuming a future scenario and planning for it.

As a student, I would use the benchmarking tool to plan and achieve best scores in my studies. I would look at the scores of the bright students and how they attained them. I will take inspiration from their methods and plan my schedule so that I can attain the same results.


Related Solutions

What are the six planning tools and techniques? Using an example from your experience (as a...
What are the six planning tools and techniques? Using an example from your experience (as a student or at work), describe how you could use one of the techniques or tools to improve planning in your future. You may choose to apply your response to a specific goal in answering this question.
As a maintenance manager, your task is to apply project management tools and techniques towards planning...
As a maintenance manager, your task is to apply project management tools and techniques towards planning of your maintenance project. Think of your own project (for example, refurbishing of a boiler plant) and report on how you would go about planning such a project. Indicate all the equipment involved in your project, maintenance activities, allocation of human resources and all costs involved. Show the following in the process of planning your project: 1. Project definition 2. Work breakdown structure 3....
As a maintenance manager, your task is to apply project management tools and techniques towards planning...
As a maintenance manager, your task is to apply project management tools and techniques towards planning of your maintenance project. Think of your own project (for example, refurbishing of a boiler plant) and report on how you would go about planning such a project. Indicate all the equipment involved in your project, maintenance activities, allocation of human resources and all costs involved. Show the following in the process of planning your project: 1. Project definition 2. Work breakdown structure 3....
From your point of view and using your current work experience think of an example where...
From your point of view and using your current work experience think of an example where Business Intelligence would allow information to FIND YOU, not the other way round. Discuss your example and how the use of BI tools would help you use this information to create intelligent reports versus regular reports.
Define Lean Six Sigma Methodology along with its tools and techniques?
Define Lean Six Sigma Methodology along with its tools and techniques?
• What is an example of groupthink from your own life or experience? How did it...
• What is an example of groupthink from your own life or experience? How did it come about? How could it have been avoided? • Next, identify two primary groups in your own life; what are the characteristics of these groups? How are they similar, how are they different? Then, identify two secondary groups of which you are a part. How do these two types of groups “feel” different? Do they “feel” similar in any ways?
2. Identify the tools and techniques available to managers in the area of forecasting and planning....
2. Identify the tools and techniques available to managers in the area of forecasting and planning. Discuss how you will use these tools to forecast sales and prepare a financial plan for your company?
Identify the tools and techniques available to managers in the area of forecasting and planning. Discuss...
Identify the tools and techniques available to managers in the area of forecasting and planning. Discuss how you will use these tools to forecast sales and prepare a financial plan for your company?
Think of an example from your experience, either in your work or in your role as...
Think of an example from your experience, either in your work or in your role as a consumer, where you can see a use for a hypothesis test. Give an example that would involve a test of either one population mean or proportion and give an example that would involve either comparing two means or comparing two proportions. In both examples, state what the null and alternate hypothesis would be. If possible, compare that application to the possibility of error...
Give an example of price discrimination from your own experience. Is this an example of perfect...
Give an example of price discrimination from your own experience. Is this an example of perfect price discrimination, group price discrimination, or nonlinear price discrimination?
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT