Quarter 1 | Lesson 6: Planning Techniques, Tools, and Their Applications

Question 1

five planning techniques

Answer 1

forecasting, contingency plan, scenario planning, benchmarking, and participatory planning

Question 2

those methods or processes followed by planners in preparing or evaluating their plans, programs, and policies.

Answer 2

planning techniques

Question 3

making predictions of what is likely to happen in the future. it shows that the managers know something of future happenings even before things actually happen

Answer 3

forecasting

Question 4

the process of estimating the relevant events of future, based on the analysis of their past and present behavior

Answer 4

forecasting

Question 5

course of action that your organization would take if an unexpected event or situation occurs

Answer 5

contingency plan

Question 6

an important part of your overall business continuity strategy because they help ensure your organization is ready for anything

Answer 6

contingency plan

Question 7

empowers you to manage the response after the incident occurs

Answer 7

crisis management plan

Question 8

preparing the immediate steps to be taken by an organization in the event of a crisis or emergency

Answer 8

contingency plan

Question 9

steps taken to limit damage from a crisi by handling, containing, and resolving it

Answer 9

crisis management

Question 10

making assumptions on what the fuure is going to be and how your business environment will change overtime in light of that future.

Answer 10

scenario planning

Question 11

identifying a specific set of uncertainties, different “realities” of what might happen in the future of your business

Answer 11

scenario planning

Question 12

planning technique that generally involves external comparisons of a company’s practices and technologies with those other companies.

Answer 12

benchmarking

Question 13

its main purpose is finding out what other people and organizations do well and then plan how to incorporate these practices in the company’s operations

Answer 13

benchmarking

Question 14

two types of benchmarking

Answer 14

external and internal benchmarking

Question 15

three ways to use benchmarking

Answer 15

process, strategic, and performance benchmarking

Question 16

this is all about better understanding your processes, comparing performance against internal and external benchmarks, and finding ways to optimize and improve your processes. the idea is that by understanding how top performers complete a process, you can find ways to make your own processes more efficient, faster, and more effective

Answer 16

process benchmarking

Question 17

this compares strategies, business approaches, and business models in order to strengthen your own strategic planning and determine your strategic priorities. the idea is to understand what strategies underpin successful companies (or teams or business units) and then compare these strategies with your own to identify ways you can be more competitive

Answer 17

strategic benchmarking

Question 18

this involves collecting information on how well you’re doing in terms of outcomes and comparing these outcomes internally or externally, such as benchmarking the performance of the HR team or the marketing team

Answer 18

performance benchmarking

Question 19

performance benchmarking is also known as

Answer 19

functional performance benchmarking

Question 20

an urban planning paradigm that emphasizes involving the entire community in the strategic and management processes of urban planning or community-level planning processes, urban, or rural, often considered as part of community development; aims to harmonize views among all of its participants as well as prevent conflict between opposing parties; marginalized groups have an opportunity to participate in the planning processes; a planning process that includes the people who will be affected by the plans and those who will be asked to implement them in all planning steps

Answer 20

participatory planning

Question 21

is an attempt to
predict what may happen in the future .All planning types, without exception, make
use this. Business periodicals publish forecasts such as employment and
unemployment rates, increase or decrease of interest rates, stock market data,
GNP/GDP data, and others.

Answer 21

forecasting

Question 22

two types of forecasting

Answer 22

qualitative and quantitative

Question 23

Opinions of prominent economist are used in (forecasting)

Answer 23

qualitative forecast

Question 24

mathematical calculations and statistical analyses of surveys /researchers (forecasting)

Answer 24

quantitative forecast

Question 25

change in an attribute, condition, factor, parameter, or value that
represents crossing a threshold and actuates or initiates a mechanism or reaction
that may lead to radically different states of affairs.

Answer 25

trigger point

Question 26

planning for future states of affairs is a long-term version of contingency
planning and is also known as

Answer 26

scenario planning

Question 27

another planning technique that generally involves external
comparison of a company’s practices and technologies with those of other
companies. Its main purpose is to find out what other people and organization as
well and then how to incorporate these practices into the company’s operations.

Answer 27

benchmarking

Question 28

A common benchmarking technique is to search for best practices used
by other organizations that enable them to achieve superior
performance. This is also known as

Answer 28

external benchmarking

Question 29

also practiced by some organizations when
they encourage all their employees working in their different work of
units to learn and improve by sharing one another’s best practices.

Answer 29

internal benchmarking

Question 30

which refers to planning process that includes the people
who will be affected by the plans and those who will be asked to implement them in
all planning steps. Creativity, increased acceptance and understating of plans, and
commitment to the success of plans are the positive results of this planning
technique.

Answer 30

participatory planning

Question 31

a process which begins with a problem identification and
ends with the evaluation of implemented solution.

Answer 31

decision-making

Question 32

a choice among possible alternative actions

Answer 32

decision

Question 33

a decision that is repetitive and can
be handled using a routine approach.

Answer 33

structured or programmed decision

Question 34

applied to the resolution of the
problem that are new or usual, or which information is incomplete.

Answer 34

unstructured or nonprogrammed decision

Question 35

classifications of decision-making condition

Answer 35

certainty and risk or uncertainty conditions

Question 36

-ideal conditions in deciding problems; these are
situation in which a manager can make precise decisions because the results
of all alternatives are known.

Answer 36

certainty conditions

Question 37

a common conditions in deciding a
problems. This condition compel the decision maker to do estimates regarding
the possible occurrence of certain outcomes that may affect his or her chosen
solution to a problem. Historical data from his or her own experiences and
other secondary information may be used as bases for decision to be made by
the decision under such risk conditions.

Answer 37

risk or uncertainty conditions