The Planning Process in Business Essay

Exclusively available on Available only on IvyPanda® Made by Human No AI

Planning in business is a management process concerned with defining the company’s path and direction and goals that are desirable to achieve. The software for planning is aimed to help its users to reach success and obtain considerable assets as soon as possible. It is the phase of the business performance management process.

nTask is one of the best choices to make the planning process easier and more efficient. This software contains the issue and budget tracking, risk evaluation matrix implementation, timesheets, charts, and the ability to invite stakeholders to share projects (12 best business plan software and apps in 2022, 2020). In addition, this application allows multitasking and project collaboration; however, there are no mind maps and templates available now. It is highly affordable: its basic plan is free, the premium version costs 3$ per month, and the business version 8$ per month.

ProofHub is another good software to help businesses with planning. It has many templates and chats for communicating with workers, and users can effectively manage teams with its features (12 best business plan software and apps in 2022, 2020). However, it has integrated with a limited amount of third-party applications: Google Drive, Dropbox, Box, Freshbooks. It is more expensive than nTask is: the essential plan costs 45$ per month, and the ultimate control plan is 89$ per month.

DMAIC model “is a data-driven quality strategy used to improve processes,” and its phases are: define, measure, analyze, improve and control (The define, measure, analyze, improve, control (DMAIC) process, 2022). The first phase assumes defining the problem and improving the opportunity for internal and external requirements. The second one is about measuring process performance; number three is “analyzing the process to determine root causes of variation and poor performance (defects) (The define, measure, analyze, improve, control (DMAIC) process, 2022). The fourth one improves the performance process, and the last phase is about controlling the improved process. By contrast, BPM phases are: strategize, plan, monitor, act, and adjust. The first focuses on the management process; the second one is useful for processing improvement. Although the methodology of these two strategies may be similar somehow, in practice, they are used for entirely different purposes and approached differently.

References

12 best business plan software and apps in 2022. (2020). Task. Web.

The define, measure, analyze, improve, control (DMAIC) process. (2022). ASQ. Web.

More related papers Related Essay Examples
Cite This paper
You're welcome to use this sample in your assignment. Be sure to cite it correctly

Reference

IvyPanda. (2023, March 30). The Planning Process in Business. https://ivypanda.com/essays/the-planning-process-in-business/

Work Cited

"The Planning Process in Business." IvyPanda, 30 Mar. 2023, ivypanda.com/essays/the-planning-process-in-business/.

References

IvyPanda. (2023) 'The Planning Process in Business'. 30 March.

References

IvyPanda. 2023. "The Planning Process in Business." March 30, 2023. https://ivypanda.com/essays/the-planning-process-in-business/.

1. IvyPanda. "The Planning Process in Business." March 30, 2023. https://ivypanda.com/essays/the-planning-process-in-business/.


Bibliography


IvyPanda. "The Planning Process in Business." March 30, 2023. https://ivypanda.com/essays/the-planning-process-in-business/.

If, for any reason, you believe that this content should not be published on our website, please request its removal.
Updated:
This academic paper example has been carefully picked, checked and refined by our editorial team.
No AI was involved: only quilified experts contributed.
You are free to use it for the following purposes:
  • To find inspiration for your paper and overcome writer’s block
  • As a source of information (ensure proper referencing)
  • As a template for you assignment
1 / 1