05/02/2023

Modern Management Techniques

05/02/2023

Plan of Presentation Introduction to

Management Management techniques

Characteristics of management techniques Classification of management techniques Network Analysis PERT CPM Management by Objectives Total Quality Management Summary Conclusion

05/02/2023

Introduction

• What is Management?– To co-ordinate the efforts of people

• to accomplish goals • objectives • using available resources • efficiently and effectively

• Transforming resources to utility.

05/02/2023

Forecasting

Planning

Organizing

Commanding

Co-ordinating

Controlling

05/02/2023

Management TechniquesDefinition :

Systematic and analytical methods used to assist in decision-making, the improvement of efficiency and effectiveness and in particular, the conduct of the two key managerial activities of planning and control

05/02/2023

Characteristics of management techniques:

• Systematic :– Consist of specified and often sequential methods

of tackling a problem, providing information for decision making or improving operational efficiency.

– Ensure that each step is carried out in prescribed manner.

05/02/2023

• Analytical – Techniques have been developed by considering what and

possibly quantitative methods are required to deal with every aspect of a situation and achieve an end result.

– They subject complex situations to close and systematic examination and resolve them into their key elements.

05/02/2023

• Quantitative– Management techniques measure in numerical or financial

terms what is happening and quantify forecasts of future trends.

– Management techniques place monetary values on performance reports, forecasts, plans.

05/02/2023

• Applications of management techniques.– General management– Marketing management– Operations management– Financial management– Human resource management– Information technology– Management science– Planning and resource allocation– Efficiency and effectiveness

05/02/2023

• Traditional methods of management are primarily based on behavioural sciences.– Personnel selection– Training and retraining– Motivational methods– Development of communication channels and skills– Supervision– Leadership development– Team building and conflict resolution

05/02/2023

• The conventional methods of management are no longer adequate to meet the demand of today’s projects

• With larger and complicated organisations with their own unique organisational and structural issues a need has been felt for better, more effective and innovative managerial methods

05/02/2023

Thank you