1. Planning (P):
The letter P denotes the plan. Planning is the process of making a well-thought-out decision about the purpose of a task, the process or procedures to be followed. A plan seeks answers to a few questions. Since no organization can move in the right direction without a plan, a plan is essential for performance. The manager needs to plan the schedule and give the blueprint of how the task is to be done will all necessary details. For example, there is a new project in the organization, everything should be planned such as objectives, human resources required, setting of specific procedures, and setting of rules and daily programs.