MANAGEMENT CLASS
Week 7 graded critical assessment.docx
Critical Risks Assessment and Milestones Schedule
|
Running head: CRITICAL RISKS ASSESSMENT AND MILESTONES SCHEDULE |
1
|
|
CRITICAL RISKS ASSESSMENT AND MILESTONES SCHEDULE |
4
|
Good start with the spreadsheet. However, it was supposed to contain dates. Critical Risks Assessment and Milestones Schedule
The Barton Incorporated organization is a strong large player in its industry within the United States of America. It has a business plan and it needs to ensure that it determines the timing of its business plan along with its objectives. Objectives of organizational plan include a manner in which the organization will have increase in its sales. The objective of business plan is to increase its sales to a certain level (Pinson, 2008). Organizational objectives should be specific, measurable, achievable, and realistic. Comment by Ken: Vague. Comment by Ken: Thesis statement should mention contingency plan.
First objective of the organization is the increase in the level of its sales by 25% in a period of 1 year. The Ssecond objective of organization is to have increase in its sales by 33% in the next year. Third objective of organization is to have reduction in level of itsreduce expenses by 15% in a period of one year. These are the objectives, which will help the organization to achieve a competitive position in the market.
In course of business plan, there are certain activities carried out by the organization. Activities for the business plan include actions such as, the description of concept of business, identification of financial position, identification of financial requirements, marketing of products, contingency planning, risk management plan, and having control and evaluation of organizational business objectives at a point of time.
Above-mentioned activities are carried out by the organization in a period of 40 days. Barton Incorporate will take 2 two days to determine the concepts of business while allowing 8 days to identify the financial position. This organization will identify its financial requirements in a period of 5 days. The marketing plan shall be developed within a 7-day period. This will lead to 4 days for the contingency plan. Lastly, the risk management and control and evaluation program will be allotted five business days.
Contingency Plan
First issue, which might arise to the Barton Inc. organization, is the issue regarding the health of employees. Consistency and provided health care can assist with any problematic issues. The second issue would be regarding sustainable development and operations while protecting environment (McKeever, 2012). Third issue will be regarding quality of organizational products. For the issue regarding health of employees, the organization will keep a health insurance package for all its employees. Our sustainable development organization will ensure that it recycling the products the employees are using. Regarding the issue of quality of products, organization will make sure that it sets up a quality department, which will review the organizational products at regular intervals of time.
The contingency plans should coincide with the business’ milestones. These milestones might include opening first location, gaining $1M in revenue, opening branch location, etc. The contingency plan would then identify the firm’s plan to make changes if they goals were not met.
References
McKeever, M. (2012). How to Write a Business Plan. Nolo.
Pinson, L. (2008). Anatomy of a Business Plan: A Step-by-step Guide to Building the Business
and Securing Your Company's Future. aka associates.