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Question

Arrange the following steps of planning process in a logical sequence
(A) Making certain assumptions about the future
(B) Selecting the best possible and viable alternative
(C) Weighing the pros and cons of each alternative
(D) Monitoring the plan to ensure that objectives are achieved
Choose the correct answer from the options given below:

The correct answer is
(A), (C), (B), (D)

Understanding the Planning Process Sequence

The planning process involves a series of steps that help organizations achieve their objectives. Arranging these steps in a logical sequence is crucial for effective planning and decision-making. Let's break down the provided steps and determine their correct order.

Analyzing the Planning Steps

  • (A) Making certain assumptions about the future: This step involves forecasting and predicting future conditions relevant to the plan. These assumptions form the basis upon which plans are developed.
  • (B) Selecting the best possible and viable alternative: After evaluating different options, this step involves choosing the most suitable course of action from the identified alternatives.
  • (C) Weighing the pros and cons of each alternative: This involves analyzing the potential benefits and drawbacks associated with each possible course of action identified in the previous stage.
  • (D) Monitoring the plan to ensure that objectives are achieved: This is the control or feedback stage, where the progress of the implemented plan is tracked and measured against the set objectives.

Determining the Logical Sequence

The standard planning process generally follows this flow:

  1. Establish objectives (implied).
  2. Develop premises or assumptions about the future environment. This corresponds to step (A).
  3. Identify various alternatives or courses of action.
  4. Evaluate these alternatives by weighing their pros and cons. This corresponds to step (C).
  5. Select the best alternative based on the evaluation. This corresponds to step (B).
  6. Formulate the plan and implement it.
  7. Monitor and control the implementation. This corresponds to step (D).

Therefore, the logical sequence for the given steps is:

  • First, (A) Making certain assumptions about the future sets the context.
  • Next, (C) Weighing the pros and cons of each alternative allows for careful consideration of different options.
  • Then, (B) Selecting the best possible and viable alternative is the decision-making step based on the evaluation.
  • Finally, (D) Monitoring the plan to ensure that objectives are achieved provides the necessary control and feedback.

This sequence ensures that planning starts with a realistic view of the future, evaluates options systematically, makes an informed choice, and finally monitors execution.

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Important Questions from Planning

  1. Which of the following include problems in forecasting?

    A. estimates becoming more reliable the further you forecast into the future

    B. specification error

    C. cyclical variation

    D. stationarity in data series

    E. consistency in data series

    Choose the most appropriate answer from the options given below:

  2. Which of the following states that a specific and definite action is to be taken or not to be taken?
  3. ______ involves setting objectives, developing appropriate courses of action and providing a rational approach to achieve these objectives.
  4. Planning is an important function of management which involves defining the following:
    (A) Setting objectives
    (B) Deciding on plans, actions and strategies to achieve organisational goals
    (C) Allocating and arranging resources
    (D) Motivating and inspiring people to perform better
    Choose the correct answer from the options given below:

  5. Match List-I with List-II
     

    List-IList-II
    (A) Strategy(I) Prescribed way of doing a task
    (B) Method(II) Detailed statements about a project
    (C) Programme(III) Exact manner in which a particular activity is to be done
    (D) Procedure(IV) Comprehensive plan for accomplishing objectives


    Choose the correct answer from the options given below:

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