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OBJECTIVES
Objectives are the goals,
aims or basic purpose, that
organization wishes to
achieve over varying periods
of time. Objectives are the
ends towards which all
organizational activities are
aimed.
Policies are the statement which
acts as guiding principles to govern
action usually of routine
and repetitive nature. Policies
define the framework which
guides thinking and action of the
organizational members.
PROCEDURES
A procedure is the defined
series of related tasks or activities
that has to be followed in a
chronological sequence by which
the work will be performed. It
denotes a list of systematic steps
for handling events that occur
regularly. A procedure guides
action and decide what will be the
outcome.
METHODS
Methods are sub-units of a
procedure; they show clearly steps
involved in a procedure. Methods
indicate the technique to be
employed to make the procedure
effective. The primary focus is on
finding out the best way of doing a
piece of work.
RULESRules are specific statements that
inform what is to be done. They do
not allow for any flexibility or
discretion. It reflects a managerial
decision that a certain action must or
must not be taken.
PROGRAMMES
A programme is a single-use plan
which is developed for a new and
non-repetitive activity. It defines the
steps in proper sequence that will be
taken for the purpose of achieving a
specific objective.
PROJECTSA project is a specific plan to
achieve a discrete and well defined
cluster of activities which will help
achieving the general objectives of
the company. Projects are separate
from normal operations because of
its special significance. Usually
the task of executing a project is put
under the charge of a project
manager.
BUDGETS
A budget is a statement of expected
outcomes expressed in numerical
terms like cash outflow, increase in
productivity etc. Budget helps in
envisaging the resource requirement
and the expected outcomes of the
activities. It act as a tool of managerial
control to regulate the resource
allocation and evaluate the results.
Types of plans

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Types of plans

  • 2.
  • 3.
  • 4. OBJECTIVES Objectives are the goals, aims or basic purpose, that organization wishes to achieve over varying periods of time. Objectives are the ends towards which all organizational activities are aimed.
  • 5.
  • 6. Policies are the statement which acts as guiding principles to govern action usually of routine and repetitive nature. Policies define the framework which guides thinking and action of the organizational members.
  • 7.
  • 8. PROCEDURES A procedure is the defined series of related tasks or activities that has to be followed in a chronological sequence by which the work will be performed. It denotes a list of systematic steps for handling events that occur regularly. A procedure guides action and decide what will be the outcome.
  • 9.
  • 10. METHODS Methods are sub-units of a procedure; they show clearly steps involved in a procedure. Methods indicate the technique to be employed to make the procedure effective. The primary focus is on finding out the best way of doing a piece of work.
  • 11.
  • 12. RULESRules are specific statements that inform what is to be done. They do not allow for any flexibility or discretion. It reflects a managerial decision that a certain action must or must not be taken.
  • 13.
  • 14. PROGRAMMES A programme is a single-use plan which is developed for a new and non-repetitive activity. It defines the steps in proper sequence that will be taken for the purpose of achieving a specific objective.
  • 15.
  • 16. PROJECTSA project is a specific plan to achieve a discrete and well defined cluster of activities which will help achieving the general objectives of the company. Projects are separate from normal operations because of its special significance. Usually the task of executing a project is put under the charge of a project manager.
  • 17.
  • 18. BUDGETS A budget is a statement of expected outcomes expressed in numerical terms like cash outflow, increase in productivity etc. Budget helps in envisaging the resource requirement and the expected outcomes of the activities. It act as a tool of managerial control to regulate the resource allocation and evaluate the results.