Difficulty: Easy
Correct Answer: plan
Explanation:
Introduction / Context:
Planning is a fundamental management function. By choosing a course of action ahead of time, organizations reduce uncertainty, coordinate resources, and establish benchmarks for measuring performance. The term succinctly captures this forward-looking commitment to a chosen path.
Given Data / Assumptions:
Concept / Approach:
To plan is to articulate goals and the means to achieve them. Planning answers "what" and "how" prior to doing, while control monitors execution against the plan and corrects deviations. Decision-making occurs throughout but planning is the stage where those decisions set the path in advance. In project management, planning outputs include schedules, budgets, risk registers, and communication plans.
Step-by-Step Solution:
Verification / Alternative check:
Classical management theory (planning, organizing, leading, controlling) positions planning explicitly as the advance decision on actions and resource allocation.
Why Other Options Are Wrong:
Control: Happens during/after execution to compare actual vs. plan.
Decision: Generic term; planning is a structured subset focused on the future course.
Master: Not a standard verb in this context.
None: Incorrect because "plan" exactly matches the definition.
Common Pitfalls:
Equating planning with forecasting alone; effective plans also specify actions, responsibilities, and contingencies.
Final Answer:
plan
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