Efficiency of Plans:

 

Efficiency of Plans:

 The efficiency of a plan is measured by the amount it contributes to purpose and objectives as offset by the costs and other unsought consequences required to formulate and operate it. A plan can contribute to the attainment of objectives, but at too high or unnecessarily high costs. This concept of efficiency implies the normal ratio of input to output, but goes beyond the usual understanding of inputs and outputs in terms of pounds, labor hours, or units of production to include such value as individual and group satisfactions.

 

·         There is a relationship between the work level and the timing of planning.


·         There are many methods and techniques for short-term planning, among the most important of them:

 (a)  Gantt chart.

(b)  PERT system.

 ·         Gantt chart is essentially a bar graph with time on the horizontal axis and the resources to be scheduled on the vertical axis.

·         PERT = Program Evaluation and Review Technique: is a network of project activities showing both the estimates of time necessary to complete each activity and the sequence of activities that must be followed to complete the project.

·         There are many steps to be followed for developing the PERT network.

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