Budgeting and Timeline Tools | Instant Homework Help
Students will: a. Select budgeting tools for strategic plans. b. Select timeline tools for strategic plans. c. Analyze the process of creating a budget and timeline for strategic plan issues. To prepare: a. Review the information on budgeting in this weeks Learning Resources. Which tools (e.g., Revenue Projection Model, Capital Budgeting Analysis, Depreciation Calculator, Profit, and Loss Projection) would be most useful for developing your Strategic Plan? b. Review the information on PERT and other timeline tools, in this weeks Learning Resources, including Dr. Hustons presentation in the media program. Use PERT or another tool to analyze and represent the activities that will need to be completed to successfully plan and implement your proposed change. Be sure to note dependencies (e.g., a task/milestone that must be completed in order to trigger the next step), and realistically assess the minimum time needed to complete the entire project. a. Describe the budgeting tool(s) you will use and the steps you plan to take in order to identify the financial resources necessary for your Strategic Plan issue. Explain your rationale for your selected tool(s) and plans. b. Explain your plans for outlining the timeline for the implementation of your proposed change. Explain which timeline tool(s) you will use and how they will represent the activities needed to successfully plan and implement your project. c. Explain how your timeline can allow leeway for a variance.