Ever since people structured in to groups, management has became a pivotal task to accomplish human activities. As the many tasks could not be achieved as individuals, it has been essential to ensure the coordination of individual efforts and the task of managers has been rising. Everyone who wants to work in organizations would be benefitted from knowledge about managing. They include especially, students in colleges and universities, aspiring managers, those who already have managerial skills and wish to become more effective and other people who want an improved understanding of the organization in which they employed. All the time managers plan, understand the needs of the society, desires of members of the organization, need for material and human resources, technology and other requirements of exterior environment. In general, managers whether they operate in a business, a government organization, a public/private sector, run a foundation or a institution must consider and observe the elements and forces of external environment. They must identify, evaluate, discuss, analyze and react to the forces which may have direct influence on operations of an organization. In this context, in the present scenario of engineering education, inclusion of management science in engineering curriculum leads at the interface among engineering sector, business and public policy. This helps in advancing design, management, operation and interaction of technological, economic and social systems. Further, graduates of the engineering program could be trained as perfect engineers and future leaders in technology, policy, and industry