EIN 5117 Lecture Notes - Lecture 3: Work Breakdown Structure, Gantt Chart, Strategic Planning
Document Summary
Chapter 11: strategic planning- a process that helps managers identify desired outcomes and formulate feasible plans to achieve their objectives by using available resources and capabilities. Plans must take into account that everything changes. Old competitors leave and new come in. Cost and availability of materials and labor fluctuate: benefits of a strategic plan: Makes sure resources are being used effectively: goals-based strategic planning, organic strategic planning. Issues-based strategic planning- begins by identifying and analyzing key issues that face the organization and identifying how to fix it: swot analysis. Strengths, weaknesses, opportunities, threats: michael porter five forces model. Scope: all tasks are included and which tasks are not included in a project. Quality: the degree to which the project meets the needs of its users.
