APPLIED PRELIM LESSON 1.1

Business Management Tool

are all the systems, applications, controls, calculating solutions, methodologies, etc. used by organizations

Tools for Preparation
● Mind Mapping Software

Tools like MindMeister or XMind help brainstorm and visualize project ideas and components

Tools for Preparation
● Gantt Charts

Software like Microsoft Project or Smartsheet assists in planning project timelines and dependencies

Process Tools
● Documentation Collaboration

Google Docs, Microsoft Office 365, or Confluence allow team members to collaborate on documents in real-time

Process Tools
● File Storage

Services like Dropbox, Google Drive, or OneDrive provide cloud storage for sharing and managing project files

Tools for Staff Management
● Human Resource Management Systems (HRMS)

Tools like BambooHR or Gusto manage employee information, benefits, and payroll

Tools for Staff Management
● Time Tracking

Software such as Toggl or Clockify helps track time spent on various tasks and projects

Decision Making Tools
● Data Analysis

Tools like Microsoft Excel, Tableau, or Google Analytics provide insights from data to support decision-making

Decision Making Tools
● Decision Matrix

Tools such as Lucidchart or Creately help evaluate and compare different options based on various criteria

Control Tools
● Performance Monitoring

Tools like Jira or Basecamp help track project performance against goals and deadline

Control Tools
● Budget Tracking

Software such as QuickBooks or FreshBooks assists in managing and monitoring project budgets and expenses

Tools that can be combined and customized:
Tools that are used in every department for data input and validation:
● Microsoft Excel

Commonly used for entering and validating data

Tools used for business process management and development
● Lucidchart

A diagramming tool that helps visualize and develop business processes and workflows

Tools used for the consolidation and decision making of details
● Tableau

A powerful data visualization tool that consolidates data from various sources

Rather than jumping to new technology the company should take a strategic approach:

● Evaluate Current Needs
● Choose the Right Tool
● Tailor the Tool
● Ongoing Adaptation

Classifications of Business Tools:
● functional perspective

where tools are classified according to their specific functions

Classifications of Business Tools:
● process perspective

where tools are classified according to the process activities that they support

Classifications of Business Tools:
● integration perspective

where tools are classified according to how they are organized into integrated units that provide support for one or more process activities