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What is Set of statement for monitoring progress is referred as and explain in detail?
PlanPlanning results in the formulation of a plan. It is a blueprint for taking action.It consists of five major elements: Objectives, policies, programmes, schedules and budget.A programme is a sequence of activities designed to implement policies and accomplish objectives. A schedule is a time sequence for the work to be done.Procedures are a set of rules for carrying out work which when observed by all, help to ensure the maximum use of the resources and effos.Policies are the guiding principles stated as an expectation, not as a commandment. Ref: Park; 23rd ed; Pg 869