INTRODUCTION – MAJOR TYPES OF PLANS

From its objectives, an organization develops standing plans and single-use plans. Standing plans are used again and again over a long period of time. These plans, once established, continue to apply until they are modified or abandoned. Standing plans help managers in disposing of routine problems in a predetermined and consistent manner. Single use plans are designed to accomplish objectives usually within a relatively short period of time. Single use plans are non-recurring in nature and deal with problems that probably will not be repeated in the same form in future.

Standing plans include:
(i) policies,
(ii) procedures,
(iii) methods,
(iv) rules and regulations.

 Single use plans include:
(i) programmes
(ii) projects
(iii) budgets and targets.