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IB Business Management Sample Re

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IB Business Management Business Organisation and Environment 1 7 Organisational Planning Tools Check Your Understanding IB Business Management www BusinessManagementIB com ORGANISATIONAL PLANNING TOOLS ACTIVITY 1 7 E Read the case study below and answer the questions that follow QUALI TY CONTRACTI NG I NC Quality Contracting Inc was established by George Turner in 1971 as a specialist residential housing construction company In 2014 Abigail Turner took control of the business upon her father s retirement One of the first changes Ms Turner implemented was around the planning of construction projects She could see early on that there could be efficiency and productivity gains to be made in the use of established business planning tools Whereas her father had relied mainly on intuitive decision making to plan the sequence of tasks involved in the construction of a house Ms Turner turned to the use of Gantt charts to plan and organise each residential construction project Ms Turner spends more of her time managing the multiple construction projects Quality Contracting is engaged in at any one time and as such she needs her individual project managers to have a good understanding of how to construct interpret and follow the Gantt chart for any construction project the company is undertaking Ms Turner likes to be hands on during a job Quality Contracting has been just been successful in winning a new residential construction project for a large beach house that includes an infinity pool overlooking the Pacific Ocean Ms Turner aims to use this this particular project to train one of her new managers Kate Mcrae in the preparation and use of Gantt charts She has outlined the individual tasks how long these are expected to take and the necessary sequence of each task These are outlined below Task Estimated time to complete Order preceded by A Construct the foundations 2 weeks B Construct the house 12 weeks A C Excavate and lay foundations for pool 4 weeks A

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IB Business Management Business Organisation and Environment 1 7 Organisational Planning Tools Check Your Understanding D Concreting tiling and sealing of pool 4 weeks C E Internal painting plastering fixtures and fittings 6 weeks B F 2 weeks D and E Final checks tidying and handover to owners Source www BusinessManagementIB com QUESTIONS 22 MARKS 44 MI NUTES 1 Define the following key terms a Organisational planning tools b Gantt charts 4 marks 2 Use the above information to construct a Gantt chart for Quality Contracting Inc 6 marks 3 Calculate the fastest time for project completion 2 marks 4 Evaluate the value of Quality Contracting Inc using Gantt charts as an organisational planning tool 10 marks