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An operating model describes how an organization delivers value, as such it is a subset of the larger concept 'business model'. A business model describes how an organization creates, delivers and captures value and sustains itself in the process. An operating model focuses on the delivery element of the business model.
The target operating model is the "to be" model. It is possible to produce a target operating model for a business or a function within a business or a government department or a charity. There are many different frameworks identifying the components of a target operating model. Hence each project to define a target operating model will focus ...
Operations management textbooks usually cover demand forecasting, even though it is not strictly speaking an operations problem, because demand is related to some production systems variables. For example, a classic approach in dimensioning safety stocks requires calculating the standard deviation of forecast errors.
As the V-model is publicly available many companies also use it. In project management it is a method comparable to PRINCE2 and describes methods for project management as well as methods for system development. The V-model, while rigid in process, can be very flexible in application, especially as it pertains to the scope outside of the realm ...
Build–operate–transfer (BOT) or build–own–operate–transfer (BOOT) is a form of project delivery method, usually for large-scale infrastructure projects, wherein a private entity receives a concession from the public sector (or the private sector on rare occasions) to finance, design, construct, own, and operate a facility stated in the concession contract.
A CONOPS should relate a narrative of the process to be followed in implementing a system. It should define the roles of the stakeholders involved throughout the process. Ideally it offers clear methodology to realize the goals and objectives for the system, while not intending to be an implementation or transition plan itself. [6]
Artifact-centric business process model represents an operational model of business processes in which the changes and evolution of business data, or business entities, are considered as the main driver of the processes. The artifact-centric approach, a kind of data-centric business process modeling, focuses on describing how business data is ...
Operational planning (OP) is the process of implementing strategic plans and objectives to reach specific goals. [1] In an Introduction to Management and Organizational Behavior, Barbara Carlin and Marina Sebastijanovic suggest that operational planning is one of the four basic types of planning involved in organizational management.
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