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The eight steps in preparing an activity plan typically include:

  1. Define Objectives: Clearly outline the goals you wish to achieve.
  2. Identify Activities: List the specific tasks or activities that will help reach those objectives.
  3. Assign Responsibilities: Designate team members or stakeholders to each activity.
  4. Set Timelines: Establish deadlines for each task to ensure timely completion.
  5. Allocate Resources: Determine the necessary resources, including budget and materials.
  6. Develop Evaluation Criteria: Create metrics to assess the success of each activity.
  7. Implement the Plan: Execute the activities as outlined.
  8. Review and Adjust: Monitor progress and make adjustments as needed to stay on track.
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1mo ago

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What is the importance of time and activity plan?

Time and activity plan helps to associate time lines for every task/line item in the Work Breakdown structure and also associate the cost of getting the task completed. When we roll up all the costs of individual tasks up to the Activity level, we get to know whether we've budget to complete the activity and hence the project. Therefore, to that extent Time and Activity plans are useful.


The reasons why the financial activities of a business enterprise must be record?

So that we can plan for the future of the enterprise or business. We can take steps from which our organization can become more profit making etc


What is budget limitation?

A budget is really just a plan for how to spend money. Here are some steps to follow to put together a simple budget: Keep track of everything you spend for a month or more.


Is budget a single use plan standing plan or strategic plan?

It is a strategic plan


What is the importance of cost behavior.?

Cost behaviour is associated with learning how costs change when there is a change in an organization's level of activity. The costs which vary proportionately with the changes in the level of activity are referred to as variable costs. The costs that are unaffected by changes in the level of activity are classified as fixed costs. The understanding of cost behaviour is very important for management's efforts to plan and control its organization's costs. Budgets and variance reports are more effective when they reflect cost behaviour patterns. The understanding of cost behaviour is also necessary for calculating a company's break-even point and for any other cost-volume-profit analysis.

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What activity will you do for a lifetime How will you plan for it and what personal decision will you consider in achieving the plan?

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