Management and Supervision

Projects are always one-of-a-kind undertakings. Anything that is routine does not fall under project management. Often nobody exactly knows what needs to be done prior to execution. Thorough planning is needed to reduce much of the uncertainty surrounding the execution of the project. Some projects are small and relatively simple while others are very large and complex. Especially in these large and complex projects there are many tasks that depend on each other. For example, you first need to pour the foundation of your house before you can build the walls. Careful planning is needed to execute the project tasks in the correct order and to make sure they are performed on time to minimize waiting time and resulting cost overruns. You do not want your drywall crew to wait around while the electrician finishes up his work. A waiting crew costs money and is not productive. To avoid these kinds of mishaps you need to think hard and thorough about how you are going to execute a project. Careful planning will safe money and immensely improve the chance that that your project finishes on time and within budget. If you do not feel comfortable about preparing such a planning yourself get an expert involved. The money you pay for the expert advice is many times over recovered during the execution because you spare yourself delays and unexpected costs due to poor planning.

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Limits to the production-line approach to service include

customization of products, smaller batches that are delivered

sooner.

Gateway it is the only way to get away

A group of people, A common objectives, An interaction among members.

1. Man - Man in management is referred as a human resource.Even in the automated world no organization can flourish without human resource.For instance a aviation Industry may have automated aircraft still it needs flight crew to cater & assist the needs of their boarded air travelers.In terms of management recruitment ,selection ,training promotion ,grievances handling.payment of compensation gratuity ,termination of services are the few issues that have to be dealt effectively to retain the talent within an organization.

2. Material- Material is a basic ingredient in management be it a service industry or a product industry.Most of the industries locate them self nearby to the availability of material.For instance a mineral water factories In India are mostly located in the Himalaya where a fresh source of water ,which is also a raw material to these companies are available.Similarly services industries such as banking Insurance Hair Dressing Saloons etc. are located near its existing and prospective clients. Perishable products such as dairy products locate themselves where well connected transportation and distribution facilities are available.

3. Machine -Machine are the basic tools to produce goods or to generate services.Selection of an appropriate machine not only enhances efficiency but also saves times and increases revenue.Tailoring the requirement of the organization,Selections of a right technical machine and equipment,availability of spare parts, evaluation of after sales servies,substitutes and technology and the organization budget are the crucial criteria while purchasing a machine.Maintenence and overhauling issues along with its life span also cannot be overlooked.In service Industry Techonology matters a lot these days we are having Computers & periphepals as a major machine to serve the service clients.

4. Money- Money issue in management involes right from where an enterprise is established and the owner brings money in the business.Various long term and short term sources of finances are determined ,Loans and advances are taken management is done to meet day to day business requirements and the funds involved in meeting those requirements are known as working capital.Investments in assets patents are done and proposals are screened according to the pay back period. In payback period only those investments are preferred which returns the invested money in less time span.Similarly there are other criteria of evaluating investments such is Internal Rate of Return where only those investments are selected which has higher returns. Similarly proposals are also screened on the basis of Net present Value which asserts that a value of a rupee will worth a penny tomorrow.

5. Method-Every thing has a right way to do and this right way is known as a Method in management .In short it means an art of doing.A set of procedures and instructions is known as a method.For instance to obtain a credit card a cutomer follows a following series of steps filling a credit card application ,attaching required documents and submitting to a bank representative.while processing the credit card application The form filled by the customer is checked.Documents are verified and customer verification is done . credit card is dispatched by generating pin to a courier company for the final delivery to the customer and records are maintained.All these standard procedures are known as method in management.

6. Management- The functions of management involves planning controlling leading organizing decision making of business areas in Marketing,Production,Sales,Research & Development,Human Resource,Finance, Operations Etc. .It includes Business tatics and strategy application. Few traditional management most heard are Strike when then iron is hot , No free lunch, etc.There are various levels of management Top level takes all major and crucial decisions and frames organization mission ,vision and objectives .Middle level management gives direction to lower level management of how to implement those business objectives. Policies are framed and work method are determined to get set and Go.

7. Moral Values -Every enterprise exist in a society and must conduct business by fair means .It must include the welfare of its stakeholders (also known as Corporate Governance ) like shareholders, buyers suppliers,employees.The paramount consideration of welfare must not be overlooked in the blind race of profit making. Government policies rules and regulations also governs this aspect of management .Consumer Courts are opened. Legal penalties against violation of corporate law are framed and it is an obligatory requirement to abide by these laws and regulations if an organization wants to exist in an society. 1. Man - Man in management is referred as a human resource.Even in the automated world no organization can flourish without human resource.For instance a aviation Industry may have automated aircraft still it needs flight crew to cater & assist the needs of their boarded air travelers.In terms of management recruitment ,selection ,training promotion ,grievances handling.payment of compensation gratuity ,termination of services are the few issues that have to be dealt effectively to retain the talent within an organization.

2. Material- Material is a basic ingredient in management be it a service industry or a product industry.Most of the industries locate them self nearby to the availability of material.For instance a mineral water factories In India are mostly located in the Himalaya where a fresh source of water ,which is also a raw material to these companies are available.Similarly services industries such as banking Insurance Hair Dressing Saloons etc. are located near its existing and prospective clients. Perishable products such as dairy products locate themselves where well connected transportation and distribution facilities are available.

3. Machine -Machine are the basic tools to produce goods or to generate services.Selection of an appropriate machine not only enhances efficiency but also saves times and increases revenue.Tailoring the requirement of the organization,Selections of a right technical machine and equipment,availability of spare parts, evaluation of after sales services,substitutes and technology and the organization budget are the crucial criteria while purchasing a machine.Maintenance and overhauling issues along with its life span also cannot be overlooked.In service Industry Technology matters a lot these days we are having Computers & peripherals as a major machine to serve the service clients.

4. Money- Money issue in management involves right from where an enterprise is established and the owner brings money in the business.Various long term and short term sources of finances are determined ,Loans and advances are taken management is done to meet day to day business requirements and the funds involved in meeting those requirements are known as working capital.Investments in assets patents are done and proposals are screened according to the pay back period. In payback period only those investments are preferred which returns the invested money in less time span.Similarly there are other criteria of evaluating investments such is Internal Rate of Return where only those investments are selected which has higher returns. Similarly proposals are also screened on the basis of Net present Value which asserts that a value of a rupee will worth a penny tomorrow.

5. Method-Every thing has a right way to do and this right way is known as a Method in management .In short it means an art of doing.A set of procedures and instructions is known as a method.For instance to obtain a credit card a customer follows a following series of steps filling a credit card application ,attaching required documents and submitting to a bank representative.while processing the credit card application The form filled by the customer is checked.Documents are verified and customer verification is done . credit card is dispatched by generating pin to a courier company for the final delivery to the customer and records are maintained.All these standard procedures are known as method in management.

6. Management- The functions of management involves planning controlling leading organizing decision making of business areas in Marketing,Production,Sales,Research & Development,Human Resource,Finance, Operations Etc. .It includes Business tatics and strategy application. Few traditional management most heard are Strike when then iron is hot , No free lunch, etc.There are various levels of management Top level takes all major and crucial decisions and frames organization mission ,vision and objectives .Middle level management gives direction to lower level management of how to implement those business objectives. Policies are framed and work method are determined to get set and Go.

7. Moral Values -Every enterprise exist in a society and must conduct business by fair means .It must include the welfare of its stakeholders (also known as Corporate Governance ) like shareholders, buyers suppliers,employees.The paramount consideration of welfare must not be overlooked in the blind race of profit making. Government policies rules and regulations also governs this aspect of management .Consumer Courts are opened. Legal penalties against violation of corporate law are framed and it is an obligatory requirement to abide by these laws and regulations if an organization wants to exist in an society.

I Information Technology Information Technology is playing a vital role in each and every area of management.Management Information System,Decision support system .Human Resource Information System,Financial Information all aid in routine and specialized work of Management These Subsystems are interlinked to provide a synergic effect ro managemt.For Instance a Human Resource Information Sytem marks the attendence and evaluate the key performance of employees same data is used by the Financial Information System and income in a form of salary are generated according to the leaves and work performances of the employees.These Information systems are very useful for performing Analaytical,Statistical,Financial,and logical Analysis.

For planning to be effective in any business, certain basic assumptions regarding the future political, economic environment etc. should be made.These planning asssumptions regarding the environment are premises.

Help, it is our ass. HELP ME

People holding administrative positions and support positions within the organization all contribute to management. Without these support positions management wouldn't be able to focus on managing their subordinates.

Corporate performance management is a set of analytic and Performance management processes to measure, analyze, and improve organizational performance. This method focuses on the strategic direction of a company. This type of management aims to make the best use of available resources by determining how to maximize profitability. There are many different types of corporate ppm, but the purpose is to manage and evaluate an organization's performance. Regardless of the business sector, ppm is a vital tool for managing the Performance of any size and type of organization.

To ensure that an organization is on track, open communication channels are essential to corporate performance management. The frequency of communication with all levels of an organization is crucial, and it must be done frequently. This is why KPIs, or key performance indicators, are so important. These active measures help organizations understand how their daily operations are performing and uncover the proper level of Performance in the present. For this reason, it is essential to develop a culture of open dialogue and accountability throughout the organization.

A corporate performance management solution must also support the development of a single version of truth for all metrics. This will help companies identify the interdependencies of different business processes and determine whether there are improvements that can be made. Moreover, data quality is critical to the effectiveness of a corporate ppm solution. Service ware Performance can offer a free demo session of its solution and help you make an informed decision. The services are platform helps you manage your data with accuracy, detail, and timely.

Delegation is the assignment to another person the authority and accountability for carrying out specific activities Empowerment is assigning the complete ownership of the activity In a decentralized organization, considerable authority and accounatbility are passed down the organizational hierarchy vijayarajan

It has to do with Strategic Management. That is: the way in which the managers plan, coordinate, and lead, etc.; in order to gain and maintain competitive advantage.

tactics are a use of good skills that you use in any type of sport to be able to win something e.g. a football match people use tactics to get past there oponents

Turban et al. (2007:12), summarises that the 21st century electronic management system are enhanced to assist managers in decision making situations in many ways that also include the following: * Speedy computations - that is, decisions are quickly reached as the computer systems are computing complex problems quickly and at a low cost. * Improved communication and collaboration - that is, project management team members can afford to work with different work packages in far apart locations and be able to communicate and share ideas. * Increased productivity of group members - that is, with the enhanced network enabled communication devices a team of experts can be formed among experts from different countries or cities have them working in one project without having to travel to gather at a certain point. * Improved data management - that is, storage of data can take place in different places within the organisation where data can be easily availed for the complex computation that are necessary for managers' decision making. * Managing giant data warehouse - that is, with modern day computerised systems huge amounts of data can be housed in data warehouses where it makes easier for search and retrieval of data as it is electronically stored. * Quality support - that is, with the use of artificial intelligence methods decision making has been simplified for managers. * Agility support - that is, for modern business operations to stand the high level competitive environment managers need to engage themselves in strategies that will make sure that they base their product or service not only on price but the high standard of quality, and other associated factors like time, customising of products, and customer care. * Overcoming cognitive limits in processing and storing information - that is, with computerised systems managers are now to recall and process huge amounts of data. * Using the Web - that is, with the availability of computerised systems managers are now able to share data and information across the world using an interface that is easier for people to operate and they can reach research work sources easily. * Anywhere, anytime support - that is, the introduction of wireless technology has made things more easily for managers as they can access information anywhere at any time.

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Private companies do not reveal their functional strategies, just an overall vague general strategy.

Supply chain is very important because of flow of goods from one destination to other destination with cost effective and on timely delivery of goods to the business needs and gives the profit to the organisation.

Supply Chain consists of many trading partners, from raw materials to finished products. Typical supply chain is denoted as below,

Supplier-->Manufacturer-->Wholesaler-->Retailer

each party consists of 5 logistics activities, namely, customer service, production planning, purchasing, warehousing and transportation.

Logistics focuses on activities inside a company while supply chain focuses on relationship between each company.

Supply Chain Management is important because of relationship between each party. If every party join hand and work together, it will create cost savings and time to market reduction and everyone will enjoy the benefit.

Identify the various factors that can influence a company's primary goal of maximizing shareholder wealth.

Decision Making is a basic function of manager, economics is a valuable guide to the manager. There are basically two major models of decision-making - the classical model and the administrative model.

The classical model of decision making is a prescriptive approach that outlines how managers should make decision. Also called the rational model, the classical model is based on economic assumptions and asserts that managers are logical, rational individuals who make decision that are in the best interest of the organization.

The Administrative model of decision making is a descriptive approach that outlines how managers actually do make decisions. Also called the organizational, neoclassical, or behavioral model, the administrative model is based on the work of economist Herbert A.

Customer conversion is more commonly called Sales Conversion. It is the percentage of people that enter a store that buy something. It is calculated by the number of sales transactions divided by the number of people who enter the store. It is an essential Key Performance Indicator (KPI) for retailers.

If you wish to track and calculate your customer conversion rate, vanillaprogress.com is pretty easy to use tool that analyzes KPI metrics like conversion rate to help boost sales performance.

A preliminary outline of the business plan to be developed for Tolapp's strategic initiative

* For an organizations, managers are important, they fulfill many roles and they have different responsibilities. * Manager task of making decision, solving difficult problems, setting goals, planning, strategies and rallying individuals.

Limitation of resources is a major constraint in project management. This makes it hard to efficiently manage any project as the resources are the ones which will be used in paying up for the various expenses related to a project.

Please see the attached link on Resource constrained projects.

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I think yes.

human resources: teams are shifted from one project to another or even laid off. This affects training and development of new generation of employees. There might be low levels of utilization of diversified workforce.This retards effective human resources development.