Types of plans

	Identify and explain different types of plans.
Different types of Plans	Plan is a detailed action steps mapped out to reach a future target or end result that an organization wishes to achieve.  For these purposes management used different types of plans.  In the following lines these are discussed in detail:
Policy	A policy is a general guide that specifies the broad within which organization members are expected to operate to achieve the objectives.  Policies provide general boundaries for action regarding important constraints.
Procedure	A procedure is a prescribed series of related steps to be taken under certain recurring circumstances.  Procedures provide detailed, step-by-step instructions as to what should be done and do not allow much flexibility or deviation.
Programme	A programme is a comprehensive plan that coordinates a complex set of activities related to a major non-recurring goal.  Programmes involve several different projects, and may take more than one year to complete.  Programmes frequently have their own budget.
Budget	A budget is a statement that outlines the financial resources needed to support the various activities included in the programme.
Project	Project is a plan that coordinates a set of limited scope activities that do not need to be divided into several major projects in order to reach an important non-recurring goal.  Projects often have their own budgets.  A project may be one of several related to a particular programme.
Techno-factor	This is a plan utilizing technical information devices and systems to estimate completion times for planning projects.  A number of such types of plans provide assistance to the managers that no other type of plan supplies in which Programme Evaluation and Review Technique (PERT), PERT-COST and Review Analysis of Multiple Projects (RAMP) are kinds of technofactor.
Rule	Rule is a statement that spells out specific actions to be taken or not to be taken in a given situation.
Method	A method deals with a task comprising one step of a procedure and specifies how this one step is to be performed.  It is made for specific work.