Content:
- What is PLANNING?
- TYPES OF PLANNING
- Advantages
- Limitations
What is the planning definition:
- Planning is deciding in advance what is to be done when where, how and by whom it is to be done.
- Planning bridges the gap from where we are to where we want to go.
- It includes the selection of objectives, policies, procedures, and programmes from among alternatives
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What are the advantages of project planning:
- Planning facilitates management by objectives
- Planning minimizes uncertainties
- Planning facilitates co-ordination
- Planning improves employee’s moral
- Planning helps in achieving economies
- Planning facilitates controlling
- Planning provides competitive edge
- Planning encourages innovations
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