ORGANIZATIONALMANAGEMENT PLANNING TECHNIQUES AND TOOLS AND THEIR APPLICATIONS
Amelitajaldo
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Oct 09, 2024
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About This Presentation
USED FOR ACADEMIC PURPOSES
Size: 2.56 MB
Language: en
Added: Oct 09, 2024
Slides: 16 pages
Slide Content
PLANNINGPLANNING
TECHNIQUES ANDTECHNIQUES AND
TOOLS AND THEIRTOOLS AND THEIR
APPLICATIONSAPPLICATIONS
GANT CHARTGANT CHART
useful for visualizing projects
defined as a graphical representation of activity
against time; it helps project professionals
monitor progress
project management timelines and tasks are
converted into horizontal bars (also called Gantt
bars) to form a bar chart.
Gantt bars show start and end dates, as well as
dependencies, scheduling and deadlines
EXAMPLEEXAMPLE
MILESTONE CHARTMILESTONE CHART
a way to visualize important project steps,
progress, and tasks a person/team needs to
complete
used to track the development of a project
can communicate key project milestones to
stakeholders.
consists of a horizontal timeline with project
milestones shown as vertical bars or symbols
additional information such as specific dates,
teams involved, and percentage of completion
EXAMPLEEXAMPLE
Developed in the late 1950s to resolve
the issue of increased costs due to
inefficient scheduling.
Technique that identify tasks that are
necessary for project completion and
determine scheduling flexibilities.
Longest sequence of activities that must
be finished on time in order for the entire
project to be complete.
CRITICAL PATH METHODCRITICAL PATH METHOD
EXAMPLEEXAMPLE
DECISION TREEDECISION TREE
A tree like model where it displays the decisions and its
outcomes
Helpful in problem solving, revealing potential opportunities and
making complex decisions
It can be combined with other decision techniques
Disadvantages of this includes, uncertain values can lead to
complex calculations and uncertain outcomes, it is also unstable
which means minor data changes may cause major structure
changes.
The advantages of the decision tree are, simple and easy to
interpret, valuable without requiring large amount of hard data.
Lastly, it helps decision makers ascertain best, worst and
expected results for various scenarios.
EXAMPLEEXAMPLE
PAYBACK ANALYSISPAYBACK ANALYSIS
A mathematical method use to determine
how long it may take to start, complete
and pay for a capital project.
This provide organizations the payback
period and the value of a project.
This is a factor that business owners and
investors can use to determine which
projects to choose.
EXAMPLEEXAMPLE
SIMULATIONSIMULATION
Simulation is a tool that is used to help apply important theories
and concepts by simulating real- world scenarios
There are three different types of management simulation: Discrete
Event simulations (“ the flow of information or materials in a
system.”), System dynamics (“Cause and effect Relationship of
between different variables in a system.”), and lastly the agent-
based simulations (“The behavior of individual agents in a
system.”)
The benefits of a simulation in management study are, it teaches a
variety of management concepts, they offer an opportunity to
experiment with different approaches
and to see the results of decisions in a safe setting, lastly, it allows
people to work together as a team.
The disadvantages of these are, it is expensive to create a good
simulation model.