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The Planning Process

801 Words4 Pages

QUESTION: What are the main planning processes performed?

ASSIGNMENT
February 1 to February 7

Name of Student
Pranali R. Chavan
Name of Instructor
Setareh Sharif
Name of College
Metropolitan college of New York
Name of the course
HSM 735 SEL/LECT/MHV1-2017/SPRING/01 - HC Project Leadership

What are the main planning processes performed? Pranali R. Chavan and Setareh Sharif
School of Business, Metropolitan college of New York
-Assignment
Hello... hope all fine
The main planning tasks are: determine the policies, procedures, and documentation for planning, managing, executing, and controlling project costs. The project team holds meetings, consults with experts, and analyzes data to help produce a cost management plan, …show more content…

Though nothing may be certain in the coming period but still certain assumptions will have to be made for formulating plans. Forecasts are essential for planning even if all may not prove correct. A forecast means the assumption of future events. The behaviour of certain variables is forecasted for constituting planning …show more content…

There are a number of ways of doing a thing. The planner should study all the alternatives and then a final selection should be made. Best results will be achieved only when best way of doing a work is selected. According to Koontz and O’Donnell, “There is seldom a plan made for which reasonable alternatives do not exist.” All the pros and cons of methods should be weighed before a final selection.
Evaluation of Action Patterns: After choosing a course of action, the next step will be to make an evaluation of those courses of actions. Evaluation will involve the study of performance of various actions. Various factors will be weighed against each other. A course of action may be suitable but it may involve huge investments and the other may involve fewer amounts but it may not be very profitable. The evaluation of various action patterns is essential for proper planning.
Determining Secondary Plans: Once a main plan is formulated then a number of supportive plans are required. In fact secondary plans are meant for the implementation of principal plan. For example, once production plan is decided then a number of plans for procurement of raw materials, purchase of plant and equipment, recruitment of personnel will be required. All secondary plans will be a part of the main

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