The document outlines the steps in a planning process including detailed planning, evaluation techniques, and feedback. Detailed planning involves working out the most effective and efficient way to achieve the defined aim. Plan evaluation techniques include PMI analysis to weigh pros and cons, cash flow forecasts to assess costs and revenue over time, and cost/benefit analysis to compare total costs to expected benefits. Feedback is used to improve future plans.

1. Analysis of
Opportunitie
s
Identify
Aim
Explore
Options
Selection of
Best Option
Detailed
Planning
Plan
Evaluation
Plan
Implementation
Feedbac
k

2. Detailed Planning
 The process of working out the most
effective and efficient way of achieving the
aim that you have defined
Effective
Producing result
Efficient
Able to function
without waste

3. Techniques in evaluating the plan
PMI(Plus/Minus/Interesting)
-simple technique for weighing the “pros” and “cons” of
a decision
 Cash Flow Forecasts
- allows you to assess the effect of time on costs and
revenue
Cost/Benefit Analysis
- involves adding up all the costs involved with the plan
and comparing them with the expected benefits