Tools and Techniques of Planning: Critical Path Method CPM, Waiting Line Theory

Tools and Techniques of Planning

Critical Path Method CPM

• This is a technique of analyzing the project mechanism. It helps in determining minimum project period. In other words, this technique relates minimizing the time taken on any work and states, how the total cost may be reduced, by the time to be taken in any project, with the help of additional resources, manpower.
• In modern age, PERT, C. P. M. and several network techniques are following in large and no…

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Limitations or Obstacles of Planninga

Limitations or Obstacles of Planning

Undoubtedly, planning is an important and basic function of management. It provides an important base for directing the activities of the organization. It also provides an important base for directing the activities of the organization. It also provides stability to the enterprise and is helpful in maintaining its dynamism. In spite of these advantages of planning, it has certain limitations or obstacles. The managers shou…

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