PPQ - RESEARCHING A BUSINESS - analytical research

Question 1

Evaluate the use of analytical techniques to improve decision making. (10)
- Gantt chart

Answer 1

Gantt chart
- visually shown on chart which marks progress with today line, easier to track and meet deadlines
- shows where activities may overlap and allows managers to effectively divide resources (employees)

Question 2

Evaluate the use of analytical techniques to improve decision making. (10)
- CPA

Answer 2

CPA
- allows manager to work out quickest way to complete project by identifying best order to perform tasks
- shows which activities can only take place once others have done, so can decide which to do first
- can distribute resources only when actually needed, e.g. crane for building site
- plan in advance of individual activities means managers reduce chance of problems (clear view of scale and difficulty of each task)

Question 3

Evaluate the use of analytical techniques to improve decision making. (10)
- Force field

Answer 3

Force field
- assets for change shows what factors can support business
- drivers shows factor that force change to happen, knowing their relative strength will increase chance of success
- resistors are factors that hinder change, knowing their relative weight can avoid risky decisions being made