Planning
What is planning?
Determining the organization's goals and defining plans to achieve them.
What is organizing?
A management function that involves setting up the way a business's work will be done.
What is the chain of command?
The lines of authority in an organization.
What is a project?
A short term undertaking that creates a unique good or service.
What are the types of plans?
Operational plans, strategic plans, and tactical plans.
What are the 5 management functions?
Planning, organizing, staffing, leading, controlling.
What are the aspects of organizing?
Designing job roles, creating organizational structures, allocating tasks, resources, and facilities, and communicating and developing effective relationships with employees.
What is span of control?
The range of employees that report to a single manager.
What are the 3 main elements of projects?
Resources, schedule, and outcome.
What is a contingency plan?
An alternative course of action implemented when the main plan fails.
What are the advantages of planning?
Gives an organization a sense of direction
Focuses attention on objectives and results
Establish a basis for teamwork
Helps anticipate problems and cope with change
Provides guidelines for decision making
Serves as a prerequisite to employing all other management
functions.
What is a benefit of organizing?
A benefit is increased efficiency and reduced waste.
What is the scalar principle?
Authority that flows in a clear, straight line that is continuous.
What are the three main factors of projects?
Scope, time, and budget.
What is an operational plan?
A plan a manager uses to accomplish his or her job responsibilities.
What are the 3 levels of management?
Top-level managers, middle managers, and first-level managers.
What is a consequence of organizing?
A consequence is the inability to grow or reach goals.
What is a functional organizational structure?
The organizational structure where each department has its own set of responsibilities and activities.
What is project creep?
This term is used to describe a project's scope slowly getting bigger and bigger.
What is a tactical plan?
A plan detailing what lower levels must do, how they do it, and who is in charge at each level.
What are the steps of planning?
1. Establishment of objectives 2. Establishment of planning premises 3. Choice of alternative course of action 4. Formulation of derivative plans 5. Securing cooperation 6. Appraisal of plans
What is the 1st step of organization?
Determine the work needed to accomplish goals.
What is a divisional organizational structure?
The organizational structure where it is broken down into units by product, process, territory, and customer type.
What are the 5 stages of project management?
Initiation, planning, execution, monitoring and controlling, and closing.
What is a strategic plan?
A plan that outlines steps designed with the goals of the entire organization in mind.