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Virginia Stipp Lawrence. 1. POSDCORB. PPlanningOOrganizingSStaffingDDirectingCOCoordinatingRReportingBBudgeting. Virginia Stipp Lawrence. 2. Front Office Budgeting. The most important long-term planning functionFOM is responsible for:1.Forecasting Rooms RevenueUse
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1. Virginia Stipp Lawrence 0 HAMG 1313- Front Office Procedures The Functions of Management
2. Virginia Stipp Lawrence 1 POSDCORB
P Planning
O Organizing
S Staffing
D Directing
CO Coordinating
R Reporting
B Budgeting
3. Virginia Stipp Lawrence 2 Front Office Budgeting The most important long-term planning function
FOM is responsible for:
1. Forecasting Rooms Revenue
Use historical trend data
2. Estimating Expenses
Vary directly with rooms revenue
Payroll, laundry & supplies
4. Virginia Stipp Lawrence 3 Forecasting Rooms Revenue Forecasted Annual Rooms Revenue = Rooms Occupancy Average Available Percentage Daily Rate Rooms Available = Total Rooms X 365 Days
