By Olivia Giles at November 05 2018 09:20:00
Retirement Plan Flowchart : One way of keeping track of the retirement plans is by using a retirement plan flowchart. Such a flowchart gives you a graphical view of all the activities that have and are going to occur in the whole process of retirement planning. There will be various lines and symbols all with their own meaning showing all the steps to go through the process. A retirement plan flowchart is a planning tool that an individual can use as well, then it will show you the whole process at one glance.
Multiple inputs to the process exist : Some of them would be competition, lifecycle stage of the market, brand image, budget, etc... ; Complex decisions are made : There are many possible ways to achieve the process objectives (reach planned sales, leverage brand image, etc...) ; Each decision implies different levels of risk and potential benefits : It is the responsibility of the worker to choose the best one (low price strategy, aggressive advertising campaign, etc...) ; There are three main characteristics that make knowledge processes different from highly structured processes: Focus is on communication instead of automation.
Process definitions are high level descriptions instead of rigid workflows : Processes can only be defined up to a certain level of detail, and it is difficult to provide low level work instructions or to automate decisions. Because they cannot be formalised in detail, process simulation is rarely possible. Decisions are highly subjective and too complex to be expressed in a formal language, as they are taken based on intuition and not on rigid business rules.
Define the starting point of the process of project. This is the first step that starts of the process. For example, the first step could be project planning or research. Write down the starting point and the end result. Both of these should be in boxes with some space in between them. Adjust this space according to the number of steps and sub-steps involved in the process. Draw an arrow from the starting point to the end result. Along this arrow, list the various steps in order that are needed to go from the starting point to the end result. Include any sub-steps as needed.