ITV (Place commonly used: Property) - âInsurance-to-valueâ Insurance written in an amount approximating the current-day replacement cost of the building or structure with like kind and quality of materials.
The basic steps in the management planning process involve creating a road map that outlines each task the company must accomplish to meet its overall objectives. Establish Goals The first step of the management planning process is to identify specific company goals. This portion of the planning process should include a detailed overview of each goal, including the reason for its selection and the anticipated outcomes of goal-related projects.
Comprehensive planning. Comprehensive planning is a process that determines community goals and aspirations in terms of community development. The outcome of comprehensive planning is the Comprehensive Plan which dictates public policy in terms of transportation, utilities, land use, recreation, and housing. Comprehensive plans typically encompass large geographical areas, a broad range of topics, and cover a long-term time horizon.