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. There are different levels of planning. Such as decision making, determination of objectives, adoption of policies, formulation, and promotion of programs, setting of specific procedures, and setting of rules and daily programs.