Types of Plans

1. Functional Area Plans. Plans may be prepared according to the needs of different functional area
plans are the following:

a. Marketing Plan – is the written document of blueprint for implementing and controlling an
organization’s marketing activities related to a particular marketing strategy.
b. Production Plan – is a written document that states the quantity of output a company must produce
in broad terms and by conduct family.
c. Financial Plan – is a document that summarizes the current financial situation of the firm, analyzes
financial needs, and recommends a direction for financial activities.
d. Human Resources Plan – is a document that indicates the human resource needs of a company
detailed in terms of quantity and quality and based on the requirements of the company’s strategic
plan.

2. Plans with Time Horizon. Plans with time horizon consist of the following:

a. Short-Range Plans – are plans intended to cover a period of less than one year. First line
supervisors are mostly concerned with these plans.
b. Long-Range Plans- are plans covering a time span of more than one year. Middle and top
management mostly undertake these

3. Plans with Varied Frequency of Use. According to frequency of use, plans may be classified as:

a. Standing Plans. These are plans that are used again and again, and they focus on managerial
situations that recur repeatedly. Standing plans may be further classified as follows:

i. Policies – refer to a broad guidelines used by managers to help make decisions and take
actions on specific circumstances.
ii. Procedures – are plans that describe the exact series of actions to be taken in a given
situation.
iii. Rules – are statements that either require or forbid a certain action

b. Single-Use Plans. These plans are specifically developed to implement courses of action that are
relatively unique and are unlikely to be repeated. Single-use plans may be further classified as
follows:

i. Budget Plan – sets forth the projected expendituresfor a certain activity and explains where
the required funds will come from.
ii. Program Plan – is designed to coordinate a large set of activities.
iii. Project Plan – is usually more limited in scope than a program plan and is sometimes
prepared to support a program.