OER for a Post Graduate Programme in HRM

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Module 1 :
Principles of Management

Module Content Map

Topic 3 : Planning

Purpose of Planning | Steps of Planning | Key Points and Activity

Back to Topic 2 : Management Theories | Go to Topic 4: Policy Development

Purpose of Planning

Organizations often collapse and projects fail not because of the shortage of resources, but because of poor planning. Primarily the purpose of planning is to find answers to the following questions:

  • Why am I preparing this plan?
  • What am I trying to achieve?
  • What resources do I need to execute the plan?
  • How I find the resources?

These questions shall definitely lead us to clear objectives, time frame for the plan and resources required.