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Applications of Network Analysis (PERT and CPM): Research and development projects. Equipment maintenance and overhauling. Construction projects. Setting up new industries. Planning and launching of new products. Design of plants, …

Objectives of Network Analysis: A powerful coordinating tool for planning, scheduling and controlling of projects. Minimization of total project cost & time. Effective utilization of resource and minimization of effective …

Network Scheduling is a technique for planning and scheduling large projects in the field of construction, maintenance, fabrication and any other areas. Two basic planning and controlling techniques: Critical Path …

Assumptions in Break Even Analysis: Selling prices will remain constant at all sales level. There is a linear relationship between sales volume and cost. The costs are divided into two …

Break Even Point: Break Even Point (BEP) is a situation when you do not make a profit and you do not lose money either. Break Even Analysis: Break Even Analysis …

Productivity increases – When production is increased without increase of inputs. The same production with decrease of inputs. The rate of increase in output is more compared to rate of …

Productivity is an attitude of mind. It is the mentality of progress, constant improvement of that which exists. It is the certainty of being able to do better today than …

General Principles of Management: Division of work Authority and Responsibility Discipline Unity of command Unity of direction Subordination of Individual to generate interest Remuneration of personnel Centralization Scalier chain Order …

Principles of scientific management: Replacing rule of thumb with science. Harmony in group action. Co-operation. Maximum output. Development of workers.

Functions of management: Planning Organizing Staffing Directing Controlling.