Engineering Management Science

Lecture 2

2

Planning Basic activity of mgmt, Mgr at every level

do planning Determined through objectives of

organization & establishment of appropriate strategies for achieving them.

Strategy provides- with direction, A sense of unity of purpose – integrative blueprint for organization

Strategy serves to obtain a match b/w external environment & internal capabilities.

intended to achieve a sustained competitive advantage over competitors.

Planning involves selecting “missions & objectives” & actions to achieve them.

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Organizing

Involves establishing intentional structure of roles for people to fill in organization

Organizing involves turning plans into actions

After developing strategy, & plans to achieve the objective they need to develop an organization to accomplish objectives

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Controlling

Measuring & correcting individual & organizational performance to ensure that events conform to plans.

3 elements: Establishing Standard of Performance Info that indicates Deviation b/w actual versus

established standards Actions to Correct performance that doesn’t meet

standards Facilitates accomplishment of plans.

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Leading

Influencing people- so that they will contribute to organization & group goals

Predominantly, to do with interpersonal aspect of managing

In project Most important problems arise form people – their desires & attitudes, their behavior as individuals & in groups

Effective project mgrs also need to be effective leaders.

Leadership implies follower-ship & people tend to follow those who offer means of satisfying their own needs, wishes, & desires.

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The Management

Process

Planning • Setting performance objectives &

deciding how to achieve them

Controlling • Measuring performance & taking

action to ensure desired results

Leading • Inspiring people to work hard to

achieve high performance

Organizing • Arranging tasks, people, & other resources to accomplish the work

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Reading Assignment

• Chapter 2: Drucker, Peter Ferdinand. Management: Tasks, Responsibilities, Practices. New York: Harper Collins, 1973.

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