Gantt chart: An important tool of management

Abstract

The current paper aims to study on the important technique of time saving and money saving of the management. F.W. Taylor, Henry Fayol are the important contributors in the industrial development and growth. Their work in defining concept and principles of management is notable. Furthermore, Gantt’s study is continued and he expressed scientific method of activity which can save time and money of an organization. F. W. Taylor worked on the planning and gave result that how planning helps to increase the work and quality of an organization. Henry Fayol defined fourteen Principles of the Management and Gantt declared activity chart. This chart is yet used in several industries as an ideal chart of activity plan. Therefore, current work focused on the Gantt chart and its importance in industries.