Managerial functions

Question 1

• Managers first need to develop a detailed action plan in the planning phase, management should identify the goals and create a reasonable course of action to attain them. There may be multiple ways to achieve the goal, but its management’s responsibility to determine the best course of action.
• Drafting a successful plan includes aligning the goal with the organizational vision, considering factors that may impact the project internally and externally, and establishing a realistic timeline while being mindful of resource and budgetary constraints.

Answer 1

1. PLANNING

Question 2

• The managers should then shift their attention to the people.
• Consists of motivating and influencing employees to do the work and meet performance standards. Keep in mind that effective leadership extends beyond delegating and directing employees what to do.

Answer 2

3. LEADING

Question 3

• The _____ function consists of monitoring performance progress through project execution and making adjustments when needed.
• Managers should ensure that employees meet deadlines while simultaneously balancing synchornicity amongs the project’s resources and the overall budget. Managers may need to take corrective actions and be proactive in their approach to ensure that team members meet their assigned deadlines

Answer 3

4. CONTROLLING

Question 5

• Consists of taking the previously created plan and putting it into action. Key activities of the function includes:
  o Identifying all of the necessary steps of the project
  o Determining who will complete the actions and deploying those resources to work
  o Establishing levels of authority and responsibility for every individual involved
• Facilitates a clear development of the organizational structure for executing the plan, but it also encourages collaboration among team members spread amongst various teams and departments.

Answer 5

2. ORGANIZING