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Planning in Business and Project Management Essay


Why planning is important for businesses?

Such a project as introducing a new product will benefit from the existence of a thorough plan. While planning, the project manager outlines the major aims of the project, i.e., to make the product known. When there is a specific aim, it is easy to understand what exactly is necessary to achieve the goal. It is easy to identify certain steps to reach the goal, e.g., identify advantages of the product, identify the target audience, develop an advertising campaign, etc. Having specific steps to undertake will help remain consistent and nothing will be missed. It is also easy to understand when and what went wrong, which can help diminish possible negative effects. Finally, it is possible to evaluate the effectiveness of the project as well as the effectiveness of the plan and to make some changes if necessary to be able to use the plan in other projects.

Implementation of the plan on how to improve sales in the coming quarter

Firstly, I will make sure all the stakeholders are aware of the plan and the major goals. Secondly, I will also make sure all people involved know exactly what to do. Thirdly, I will develop a form of a brief report, which will be completed at certain stages. Furthermore, there will be several checkups to understand whether all deadlines can be met. Finally, I will evaluate each stage, and I will make some changes in further stages if necessary.

Five tools important in planning

First, communication is essential in planning. All stakeholders should take part in this process as each employee or department is aware of the peculiarities of certain tasks. Besides, motivation is very important. Each employee should understand the benefits of the project implementation. Understanding goals may not be enough, and such stimuli as promotion, bonuses, etc., may be helpful. Availability of information is crucial as employees should have all the necessary data to develop a plan. While planning, it is important to take risks into account. Thus, risk management is an important part of planning in any business. Finally, it is also important to remember that any plan may need changes, so it is necessary to be able to make the changes at any stage of planning or implementation of the plan.

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IvyPanda. (2021, February 14). Planning in Business and Project Management. Retrieved from https://ivypanda.com/essays/planning-in-business-and-project-management/

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"Planning in Business and Project Management." IvyPanda, 14 Feb. 2021, ivypanda.com/essays/planning-in-business-and-project-management/.

1. IvyPanda. "Planning in Business and Project Management." February 14, 2021. https://ivypanda.com/essays/planning-in-business-and-project-management/.


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IvyPanda. "Planning in Business and Project Management." February 14, 2021. https://ivypanda.com/essays/planning-in-business-and-project-management/.

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IvyPanda. 2021. "Planning in Business and Project Management." February 14, 2021. https://ivypanda.com/essays/planning-in-business-and-project-management/.

References

IvyPanda. (2021) 'Planning in Business and Project Management'. 14 February.

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