Business > CASE STUDY > Week 4 Journal.docx BUS687 Week 4 - Journal BUS687: MBA Capstone The simulation has p (All)
Week 4 Journal.docx BUS687 Week 4 - Journal BUS687: MBA Capstone The simulation has p
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Week 4 Journal.docx BUS687 Week 4 - Journal BUS687: MBA Capstone The simulation has presented numerous ideas, concepts, and strategies directly applied to my current role and future administrativ... e positions. One of the most significant factors that have impacted the simulation is workforce planning. Aligning the workforce to the expected demand is necessary to meet labor requirements, but an essential factor is hiring the new employees before the beginning of the project, so there is sufficient time to train them to optimal effectiveness. This concept directly applies to my current role as a financial budget analyst; workforce planning is an integral part of my planning process. I must forecast when a project can add new employees without exceeding budget, expending all available funding in line with the end of the project, and maintaining a steady operating margin. The workforce management concepts pr. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . [Show More]
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