IAS (Admin.) Mains Management Managerial Function and Process-Managerial Functions Study Material (Page 10 of 17)

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Time Schedule: Standard

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Time Schedule

Definitions of Time Schedule
  • The time schedule for every step to complete the program is called, time schedule. In other works, when time is determined for every step of the program, it is called schedule.
  • Since the work is to be completed in time, the importance of time is too high. That is why, it is said, and every work should be in time, because once the time has passed, all works may be useless.
  • The program and the time schedule always go together. While deciding some new program, time is to be particularly kept in view.…

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Forecasting: Project

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Forecasting

Definitions of Forecasting
  • Forecasting is an important element/factor or base of planning. The efforts made to work out estimates for future, by drawing conclusions from the known facts, is called forecasting. In other words, forecasting is the basis of planning, its implementation and operation and formation of forecasted environment, when includes future assumption, forecasts and circumstances, etc.
  • In the words of Karlisas, “The assumptions regardi…

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