Class Notes (839,541)
Canada (511,379)
QMS 202 (64)
Lecture 6

Lecture 6.docx

2 Pages

Quantitative Methods
Course Code
QMS 202
Masoomeh Moharrer

This preview shows 80% of the first page. Sign up to view the full 2 pages of the document.
Planning: the process of setting objectives and determining how to best accomplish them - Identifiyign the specific results or desired outcomes that one intends to achieve. - Why is planning important? o It’s a goal (target or end that management desires to reach) , and you can tell if you are in the expected target or not. o For attracting investors o Environment is uncertain o Implement “to do” lists o Planning reduces crisis management o Attracting investors SMART GOALS - S: Specific - M: measurable - A: Attainable - R: Retainable - T: timely -Goal Alignment: If you consult with stakeholders they are responsible and they will help a project to try and make it the most successful. Steps of Planning - Define your objectives - Determine where you stand vis-à-vis objectives - Develop premises regarding future conditions - Analyze and choose among action alternatives - Implement the plan and evaluate results. Benefits of planning: - Improves focus and flexibility - Priority oriented - Advantage oriented
More Less
Unlock Document

Only 80% of the first page are available for preview. Some parts have been intentionally blurred.

Unlock Document
You're Reading a Preview

Unlock to view full version

Unlock Document

Log In


Join OneClass

Access over 10 million pages of study
documents for 1.3 million courses.

Sign up

Join to view


By registering, I agree to the Terms and Privacy Policies
Already have an account?
Just a few more details

So we can recommend you notes for your school.

Reset Password

Please enter below the email address you registered with and we will send you a link to reset your password.

Add your courses

Get notes from the top students in your class.