In order for the plan to be successfully implemented and adopted, it is vital for the BCP manager to communicate the benefits of the plan to management and to everyone with an active role in the execution of the plan. In addition, the CEO will communicate the plan to all corporate employees to give everyone a general awareness of the project. Communicating the plan’s objectives and benefits can be done through a combination of e-mails, presentations, newsletters, and meetings. After the business contingency plan has been communicated, the first step in implementing the plan is to identify the employees who will be directly involved in executing the BCP. Those directly involved will also include the Board of Directors and executive leadership.
Financial Management There are four elements of financial management; planning, controlling, organizing and directing and decision making. Each element is based on the purpose of each task. By using these elements it makes the manager’s choices more informed and effective. In the planning stage a manager needs to identify what steps and tasks need to be accomplished for this task. Controlling is when a manager makes certain that a plan is in place and followed by each affected area of the organization.
Organizational Planning-Assessment Activity MGT/521 Karen M. McCarthy March 8, 2015 Instructor: Emma Kamarah Abstract In any business, whether it is corporate, government, profit, or nonprofit, planning is an important managerial role. Managers are involved with varying styles of organizational planning to strategically navigate his or her company towards successful and profitable futures. Operational planning is reliant on a complete understanding of the series of variables that are involved in each relationship and decision with a workforce from varying levels of a company. With NII Holdings, Inc.'s organizational structure, the organizational planning is developed on the operational and strategic plans of the SWOT analysis. Organizational Planning - Assessment Activity Providing mobile communications for Latin American business customers, NII Holdings Inc. is one of the foremost operators headquartered in the United States.
A project charter describes what the project is and how a team will approach it, as well as listing the name of all stakeholders. “It is a critical component of the project management initiation and planning phases” (www.brighthubpm.com). The project charter is meant to lay the foundation of the project and it includes a statement of the business needs. “Each project begins with an idea, vision, or business opportunity and that is the starting point that must be associated with your organization’s business objectives” (www.brighthubpm.com). A project charter has four major purposes and those purposes are to authorize the project manager to proceed with the project, to help the team and sponsor develop a common understanding, to help the team and sponsor commit to the completion of the project, and to screen out poor projects (Kloppenborg, page 85).
Leaders in this type of organization must use different type's leadership styles. When leaders implement their leadership style, it allows them to meet the teams’ needs. The success and failure of the unit mission will depend on how well a supervisor balances their leadership style and management
Internal auditors, these accounting reports light on the tools a company uses to comply with all the rules. Finally, top management goes through financial statements to understand the overall situation of the company, and what could be brought to the next competitive level. These internal users all work together to bring achievement and make the company grow in any financial matter
“The United States Navy Organizational Training Strategy” The United States Navy consists of many entities that combine the resources of well trained personnel of various levels of authority and occupation to accomplish the mission of maritime security. The main purpose of the Navy is to ensure protection of personnel, property and numerous assets required to sustain our country’s economic growth be it here in America or abroad with our international allies. Training Trends: The training of sailors is multi-tiered starting with the new recruits all the way to the salty sea dogs who are near retirement. Everyone entering the Navy requires training no matter if they are within the enlisted rates or officer community. With that said the
We recapped the four management functions. 1) Planning: which defines the organization’s goal and establish a strategy to accomplish it. 2) The coordinator function: a leader/manager whose job it is to motivate employees and resolve any conflict among the staff as it arise. 3). The Controlling function: the manager taking charge to make sure all the operations of the organization, are running smoothly and monitors employee’s performance (Robbins & Judge, 2011).
Health South has a Human Resources department that helps the company with the decision making for the organization, which includes the hiring and firing of all the personnel and caring about the stakeholders. Health South, itself, has four leaders in their strategy and overall business development team. The board has to monitor the inside and outside of the organization. They also have to evaluate management proposals, decisions and actions to see if they would agree with them. The board is also responsible for the corporation’s mission.
Work Based Assignment: M3.01 Candidate: Scott Gregor Introduction to Organisation Petrofac Marine Services is part of Marine Operations within the Offshore Projects & Operations Division of Petrofac Facilities Management. Petrofac Marine Services provides marine consultancy, inspection and survey services to internal and external clients. In order to provide these services the team needs to be made up of a multi-disciplined staff for the marine industry covering experienced knowledge of the offshore marine support industry in the mariner and engineering fields. Typical services provided are industry-defined inspections and audit of vessel and operating companies, marine assurance, dynamic positioning (DP) system failure mode effect analysis and trials and incident investigation. Present Situation (analysis of the problem) The problem is a reduction of personnel in the engineering department of Petrofac Marine Services, in particular in personnel with knowledge and experience of dynamic positioning (DP) systems failure made effects analysis and associated trials.