Business Planning Flashcards
1
Q
What are the components of a business plan?
A
A business plan is a written document that describes your business. It covers objectives, strategies, sales, marketing and financial forecasts.
- Brief description of the business
- Identify stakeholders
- Analyse existing strategy
- SWOT analysis
- Identify goals which have to be SMART
- Marketing strategy
- Funding/Resources
- KPI’s
- Monitor & Review
2
Q
What is a SMART goal?
A
- Specific
- Measurable
- Attainable
- Relevant
- Time Based
3
Q
Name some of AECOM’s short term and long term goals
A
Short Term:
- Re-structure the business following COVID.
- Improve our quarterly revenues.
- Focusing on healthcare projects.
Long Term:
- Moving into modular construction
- Green buildings.
4
Q
How has the COVID-19 pandemic had an affect on AECOM’s business plan
A
- Restructuring
- Redundancies
- Focusing on healthcare projects
5
Q
How would you calculate a fee for working?
A
- Understand the Client objectives/deliverables
- Understand the charge out rates of those propsed to do the works.
- Outline deliverables
- Outline timeline of appointment & deliverables
- Add profit margin
