Management has been described as a social process involving responsibility for economical and effective planning & regulation of operation of an enterprise in the fulfillment of given purposes. It is a dynamic process consisting of various elements and activities. These activities are different from operative functions like marketing, finance, purchase etc. Rather these activities are common to each and every manger irrespective of his level or status. Show Different experts have classified functions of management. According to George & Jerry, “There are four fundamental functions of management i.e. planning, organizing, actuating and controlling”. According to Henry Fayol, “To manage is to forecast and plan, to organize, to command, & to control”. Whereas Luther Gullick has given a keyword ’POSDCORB’ where P stands for Planning, O for Organizing, S for Staffing, D for Directing, Co for Co-ordination, R for reporting & B for Budgeting. But the most widely accepted are functions of management given by KOONTZ and O’DONNEL i.e. Planning, Organizing, Staffing, Directing and Controlling. For theoretical purposes, it may be convenient to separate the function of management but practically these functions are overlapping in nature i.e. they are highly inseparable. Each function blends into the other & each affects the performance of others.
Related ArticlesView All Articles What are the functions of the project management?8 Project Management Functions:. Scoping. Scope is the process of defining what work is required. ... . Planning. ... . Estimating. ... . Scheduling. ... . Organizing. ... . Directing. ... . Controlling. ... . Closing.. What is administrative project management?Administrative Project Management 1
Manages complex projects in assigned area of expertise. Selects methods, techniques, and evaluation criteria for obtaining results consistent with broadly defined policies, procedures, practices, and professional standards.
What are 5 project management functions?Project management requires applying knowledge, skills, tools and techniques to specific activities in accordance with established standards and guidelines. There are five basic functions of project management: planning, organizing, staffing, directing, and controlling.
What are the 3 main advantages of doing project administration?Advantages of project management. improve your chances of achieving the desired result.. gain a fresh perspective on your project, and how it fits with your business strategy.. prioritise your business' resources and ensure their efficient use.. set the scope, schedule and budget accurately from the start.. |