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Chapter
9
G
L
O
S
S
A
R
Y
EXIT Glossary
Modern Management, 9th edition
Click on terms for definitions
Activities
Budget
Critical path
Events
Forecasting
Gantt chart
Human resource planning
Input planning
Jury of executive opinion method
Level dimension
Plan
Planning tools
Plant facilities planning
Policy
Procedure
Product life cycle
Program
Program evaluation and review technique (PERT)
Repetitiveness dimension
Rule
Salesforce estimation method
Scheduling
Scope dimension
Single-use plans
Site selection
Standing plans
Time dimension
Time series analysis method
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Activities and events are the primary elements of a PERT network.
Activities are specified sets of behavior within a project.
Events are the completions of major project tasks.
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A budget is a control tool that outlines how funds in a given period will be spent,
as well as how they will be obtained.
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A critical path is the sequence of events and activities within a program evaluation and review technique (PERT) network that
requires the longest period of time to complete.
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Forecasting is a planning tool used to predict future environmental happenings that will influence the operation of the
organization.
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The Gantt chart is a scheduling tool composed of a bar chart with time on the
horizontal axis and the resource to be scheduled on the vertical axis. It is used for
scheduling resources.
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Human resource planning is input planning that involves obtaining the human resources necessary for the organization to
achieve its objectives.
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Input planning is the development of proposed action that will furnish sufficient and appropriate organizational resources for reaching established organizational
objectives.
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The jury of executive opinion method is a method of predicting future sales levels primarily by asking appropriate managers to give their opinions on what will happen
to sales in the future.
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The level dimension of a plan is the level of the organization at which the plan is
aimed.
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A plan is a specific action proposed to help the organization achieve its
objectives.
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Planning tools are techniques managers can use to help develop plans.
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Plant facilities planning is input planning that involves developing the type of work facility an organization will need to reach
its objectives.
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A policy is a standing plan that furnishes broad guidelines for channeling
management toward taking action consistent with reaching organizational
objectives.
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A procedure is a standing plan that outlines a series of related actions that
must be taken to accomplish a particular task.
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A product life cycle is the five stages through which most products and services
pass: introduction, growth, maturity, saturation, and decline.
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A program is a single-use plan designed to carry out a special project in an
organization that, if accomplished, will contribute to the organization’s long-term
success.
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The program evaluation and review technique (PERT) is a scheduling tool that is essentially a network of project
activities showing estimates of time necessary to complete each activity and the
sequence of activities that must be followed to complete the project.
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The repetitiveness dimension of a plan is the extent to which the plan is to be used
over and over again.
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A rule is a standing plan that designates specific required action.
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The salesforce estimation method predicts future sales levels primarily by asking appropriate salespeople for their opinions of what will happen to sales in
the future.
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Scheduling is the process of formulating a detailed listing of activities that must be
accomplished to attain an objective, allocating the resources necessary to attain the objective, and setting up and following
timetables for completing the objective.
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The scope dimension of a plan is the portion of the total management system at
which the plan is aimed.
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Single-use plans are plans that are used only once—or, at most, several times—
because they focus on unique or rare situations within the organization.
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Site selection involves determining where a plant facility should be located. It may use a weighting process to compare site
differences.
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Standing plans are plans that are used over and over because they focus on organizational situations that occur
repeatedly.
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The time dimension of a plan is the length of time the plan covers.
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