ASSIGNMENT-2 Q.1 Having formulated a Business Strategy, what are the steps in its implementation?

Explain each in a sentence or two (10 marks). Strategy is an operational tool to achieve the goals, and thus, the corporate mission. Strategies do not attempt to outline exactly how the enterprise is to accomplish its objectives. A company may view downsizing as a strategy in a competitive market to render cost-effective services. Thus, strategy provides a framework to guide thinking and action. Strategies are very much useful in organizations for guiding, planning and control.

SRI SAI

Name: Meaza Duga ID No: 531210867 Strategy isSubject: Quantitative as micro levels for everyone, a way of life both at the macro as well methods in project whether it is a nation or a company. To win over in a given complex situation, the managementtrans-nationals adopt strategies. They make changes, if organizations, even necessary, even to their global strategies. An individual company may formulate Code: PM 0015 its own strategy to bring out the desired results. th The eventual success of the organization depends upon strategy formulation and Semester: 4 implementation. Assignment: Set II Strategy refers to the course of action desired to achieve the objectives of the enterprise.Learning Center:implementation, constitutes an integral Formulation, together with its 02540 part of the management activity. Managers use strategies for different purposes Date of submission: February xx, 2013 such as to
overcome competition, to increase sales, to increase production, to motivate the employees to provide their best, and so on. Implementation of a strategy is a crucial task as the formulation of it. There may be a lot of resistance during the implementation process. It is necessary for the manager to be very tactful to involve the members of his group in the formulation of strategy to facilitate the implementation process. Following are the steps for implementing the business strategy: 1. Identification of mission and objectives 2. Environment scanning 3. Generic strategy alternatives 4. Strategy variations 5. Strategic choice 6. Allocation of resources and formulation of organizational structure Q.1. What do you understand by a project? Describe 1

Projects are the tasks which are specific and unique with a specific deliverable aimed at meeting a specific need or purpose. Projects are unique with a specific deliverable and a specific due date. The project management differs from the general management largely because in case of general management the manager tries to management by exception|, i.e the manger interfaces only wen there is any exception of the routine works to be handled by the subordinates. However, in case of project management, everything should be handled in a creative as well as flexible manner, and the project manager should possess the ability to adjust rapidly ti the changing scenario. well as tools in order to meet the targets along with meticulous planning.
Q.2 a. Describe how you can enter tasks in MS projects b. Describe different ways of Task Reporting a. Describe how you can enter tasks in MS projects

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handling of projects needs application of advanced quantitative techniques as

Task entry is the main activity in setting up a new project. The tasks which have been identified at the design stage must be entered in this stage. The system will hold task information in a task database, which we cannot access directly but is used by the system whenever we view task data. This is one of the two databases the system uses and the other is the resource database. It is important to understand that the system checks the data that it holds and where the data does not cross check then the system generally update the database to make it right. It is important to keep an eye on this process; this will be discussed in a later section. As each entry is made, the system will update appropriate data and views to reflect the entries. The order if entry

should be in the logical progression but this is not essential as it can be changed. Normal Task entry will be by using the standard Task Sheet. The Gantt view shows the Gantt chart in the right part of the window with the Task Sheet in the left part The task sheet us a view of the selected task with information shown in the columns as follows: ID: Name: Duration: Start Date: Finish Date: Predecessors: Resources: The task identification number The name of the Task The time the Task will take including the time units This is the current Scheduled Start date for the Task. Not the Planned or Actual Start. The scheduled Finish date The ID numbers fir the preceding tasks that are linked to this task. The names of the resources performing or used in the task

Task entry is the main activity in setting up a new project. The tasks which have been identified at the Design Stage must be entered in this stage. The system will hold task information in a task database, which we cannot access directly but is used by the system whenever we view task data. This is one of the two databases the system uses and the other is the resource database. It is important to understand that the system checks the data that it holds and where the data does not cross check then the system will generally update the database to make it right. It is important to keep an eye on this process; this will be discussed in a later section. As each entry is made, the system will update the appropriate data and views to reflect the entries. The order of entry should be in the logical progression but this is not essential as it can be changed. Normal Task entry will be by using the standard Task Sheet. The Gantt View shows the Gantt Chart in the right part of the window with the Task Sheet in the left part.

Figure 2: Task Information Box / Task Sheet (General Section) The task sheet is a view of the selected task The Task Identification number. with information shown in the columns as follows: ID: Name: The Name of the Task. Duration: The time the Task will take including the time units. Start Date: This is the current Scheduled Start date for the Task. Not the Planned or Actual Start. Finish Date: The Scheduled Finish date. Predecessors: The ID numbers for the preceding Tasks that are linked to this Task. Resources: The names of the resources performing or used in the Task.