Engineering Management Science

1. Lecture 2 Engineering Management Science

2. Planning • Basic activity of mgmt, Mgr at every level do planning • Determined through objectives of organization & establishment of appropriate strategies for achieving them. • Strategy provides- with direction, A sense of unity of purpose – integrative blueprint for organization • Strategy serves to obtain a match b/w external environment & internal capabilities. • intended to achieve a sustained competitive advantage over competitors. • Planning involves selecting “missions & objectives” & actions to achieve them.

3. Organizing • Involves establishing intentional structure of roles for people to fill in organization • Organizing involves turning plans into actions • After developing strategy, & plans to achieve the objective they need to develop an organization to accomplish objectives

4. Controlling • Measuring & correcting individual & organizational performance to ensure that events conform to plans. • 3 elements: • Establishing Standard of Performance • Info that indicates Deviation b/w actual versus established standards • Actions to Correct performance that doesn’t meet standards • Facilitates accomplishment of plans.

5. Leading • Influencing people- so that they will contribute to organization & group goals • Predominantly, to do with interpersonal aspect of managing • In project Most important problems arise form people – their desires & attitudes, their behavior as individuals & in groups • Effective project mgrs also need to be effective leaders. • Leadership implies follower-ship & people tend to follow those who offer means of satisfying their own needs, wishes, & desires.

7. Reading Assignment • Chapter 2: Drucker, Peter Ferdinand. Management: Tasks, Responsibilities, Practices. New York: Harper Collins, 1973.