Business Planning (Level 1)

Question 1

What is a business plan

Answer 1

a document setting out the businesses future objectives and the road map of how they will achieve them

Question 2

What is in SW business plan

Answer 2

SW’s water business plan is called the “water service strategy” and it a plan to help us a achieve more reliant, resilient and affordable water for the public.

1. PUBLIC HEALTH
2. RESERVOIR DEMAND
3. LIFECYLE PLANNING
4. FUTURE INVESTMENT

Question 3

Why is a business plan important

Answer 3

1. provides a road map
2. provides clear goals
3. reduces risk
4. helps secure financing
5. allows for benchmarking

Question 4

What are the two forecasting techniques

Answer 4

1. quanative- these sorts of methods rely of past sets of data
2. qualative- these methods rely of market research and expert opinion