1. Device managementIn a computer system, there is a tremendous speed mismatch between the CPU and the I/O devices. The job of an operating system is to maintain a balance between the CPU and I/O devices. Apart from this, it has to maintain a balance between various I/O devices and has to keep the CPU busy in various processing.2. Processor ManagementA process or a job is an application program in running state. Processor management is the important part of an OS, which enables the activities of planning, monitoring and performing a process. During execution, a process needs certain resources such as CPU time, memory space, files and I/O devices.