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1. What is the Operating Plan (Op Plan)?
This is the investment spending plan to build and manage the business operations.
The approved annual business budget of sales and spending reflecting management’s intent for running the business.
The Operating Plan is the approach that will be used to diagnose what is wrong with a business operation and how it should be fixed.
2. The acronyms of SWAG, ZBB, and TD-BU-TD all refer to what type of business process?
These are financial variance reporting processes.
These are processes for measuring and managing business productivity.
These are business budgeting processes, SWAG – Stupid, Wild, Awful Guess, ZBB – Zero-Based Budgeting, and TD-BU-TD – Top Down, Bottom Up, Top Down.
3. What is included in the annual financial Operating Plan?
The Op Plan includes estimates of sales and spending, including both spending for sustaining operations and spending for implementing the strategy for the year.
The Op Plan includes the product costs, labor rates, and overhead rates that are used in the business operation’s financial system.
The Op Plan includes estimates of spending, including both spending for sustaining operations and spending for implementing the strategy for the year.
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