Nature of Planning Flashcards
What does planning mean?
Range of Ideas
Planning is The?
Initial Action
Range of ideas has 2 types:
Goals and Action Plan
Goals is?
Target and Result
Action plan is?
Strategies and Steps
Strategies and Steps follow?
SMART Criteria
SMART Criteria stands for:
S-SPECIFIC
M-MEASURABLE
A-ATTAINABLE
R-RELEVANT
T-TIME-BOUND
Specific is?
Well-Defined
Measurable:
Provides a reliable way
Attainable:
Can be done
Relevant:
Makes sense in helping
Time-Bound:
Follows a clear deadline
KPI stands for?
Key Performance Indicator
CAP stands for?
Connective Action Plan
4M’s Stands for?
Man Power
Machine
Materials
Method
This plan establishes long-term vision, mission. covers the external analysis. And the top manager and key stake holder.
Strategic Plan
A short-term plan, objectives and strategies
Tactical Plan
Day-to-Day activities, also uses KPI. Single-use plans are task-specific plans. Standing plans- for the regular activity
Operational Plan
It is used when there are upcoming risks and uncertainties
Contingency Plan
Strategic Plan’s primary inputs are?
Vision, Mission and Core Values
