In this course, we look at how to turn the strategic plan into reality. We consider two activities. First, creating the business plan. This is an essential communication document identifying the key issues, costs and benefits of what the organisation is trying to do. Second, project management. This is the management of one-off tasks and requires special techniques.
This will give you some ideas about specific aspects of the implementation of strategy that you will address in detail in further modules on strategy and change. It will also introduce you to some useful techniques. In drawing up a business plan, we develop ideas that have practical application in achieving the strategic direction of the organisation and, in doing this, we highlight key features of the strategy itself.
In the section on project management, we look at an overall technique that can be used in implementing major change, but we also consider a number of other significant techniques that are used in operations management and can be used in other business functions to great effect. We take a very practical approach to some of the concepts that we have discussed from a more theoretical perspective elsewhere in this module.
After participating in this course, you should be able to:
- explain what business plans are and their use in different situations
- identify the main features of a business plan
- draw up a simple plan
- explain the roles of the people involved in project management and the information they require
- produce a one-page project specification
- produce a project work breakdown structure, milestone plan, activity chart and Gantt chart
- explain the meaning of baseline, scheduled and actual costs, and earned value
- understand how to construct and read project "S" curves
- identify the main source of risks in projects and which risks require action.
Section 1: Drawing up a Business Plan
- 1.1 What is a business plan?
- 1.2 Creating the business plan
Section 2: Implementing the Business Plan
- 2.1 Initial planning
- 2.2 Creating a project plan
- 2.3 Management of progress, costs and risks
- Review Activity
- Recommended Reading
Tutor-marked Question Paper
There is no experience or previous qualifications required for enrolment on this course. It is available to all students, of all academic backgrounds.
This is only an approximate figure and is dependant upon how much time you can dedicate to your studies and how well you grasp the learning concepts in the course material. Furthermore, at the end of each lesson there is a question paper that needs to be completed and returned to your tutor. You should allow at least 1 - 2 hours of study to complete each question paper.
The approximate amount of time required to complete the course is: 20 hrs.
After each lesson there will be a question paper, which needs to be completed and submitted to your personal tutor for marking. This method of continual assessment ensures that your personal tutor can consistently monitor your progress and provide you with assistance throughout the duration of the course.
- All study materials
- Study Guide
- Full Tutor and Admin support
On completion of your course, you will receive two certificates:
Certificate 1 is issued by Stonebridge Associated Colleges: Business Planning and Project Management (Byte Size Skills Course) Certificate
Business Planning and Project Management (Byte Size Skills Course) Certificate issued by Stonebridge Associated Colleges, to view a sample of the college’s award, please click here.