Project Planning in a Steel Project...

Project Planning in a Steel Project A steel project is a series of activities which takes place over a pre-arranged period of time to achieve a specified aim of commissioning of the project. The activities of steel project are usually one time activities which are not to be repeated in near future. Steel project activities differ from plant operation which consists mostly of routine activities. For achieving the specified aim, it is essential that project activities are properly and systematically planned. Project planning is done to increase the likelihood that the project will be implemented efficiently, effectively and successfully. Also, it is very much necessary that required time, resources, and efforts are provided as well used for the preparation of the project plan since a defective plan can lead the project to a situation which becomes out of control of the project team. A project plan is a formal, approved document of the project which guides the project execution and is required for the management and control of the project. It forms the basis for all the actions which are required to be taken by the project team for the implementation of the project. The planning document is not of permanent nature since it is necessary to continuously update it as the work of the project progresses. Project planning is important since (i) it guides the project team in its activities, (ii) it helps the project team to remain on track while progressing on work, (iii) It helps in focused monitoring of the work progress, (iv) it helps in the effective use of the resources, and (v) it creates confidence in everyone connected with the project that the project team by following the plans is on right course towards achievement of the results. The...

Planning – A Management Function...

Planning – A Management Function In the world of management, planning is a very important function since it is the first of the basic functions of management which are planning, organizing, directing, coordinating and controlling. It is often being thought that planning is the most fundamental of the managerial functions since all other functions stem from the planning function. Planning prepares organizations for tomorrow by assessing today what an organization wants to accomplish and how it will go about achieving that goal. Through planning, management decides the best alternative among others to perform different managerial functions in order to achieve predetermined goals. Without setting a goal to be reached and lines of action to be followed, there is nothing to organize, to direct, to coordinate and to control in the organization. However this should not lead one to hold the view that planning is an isolated activity required in the beginning only. On the other hand, it is a continuous and unending process to keep the organization on the path of progress while other management functions are also performed simultaneously. PlanningĀ is nothing but looking ahead and preparing the organization for the future course of actions which need to be followed. It is a preparatory step and consists of chalking out an activity plan for doing the things in an orderly manner for the achievement of the desired targets and objectives. It is a mental predisposition to think before acting and to act in the light of facts rather than guesses. It is a detailed programme regarding future course of action. It is a systematic activity which determines why an action is needed, what is to done, who has to carry out the action, how it is to be done and when to be done....