Controlling 4 Controlling Controlling “It is the by hcj

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									Controlling
           Controlling
“It is the measurement and correction of
  performance in order to make sure that
     enterprise objectives and the plans
devised to attain them are accomplished.”
Characteristics of Controlling

     • It is a continuous process
     • It is a management function
     • It is exercised at all levels
   Objectives of Controlling
• To ensure high efficiency of the business
• To understand what had happened and is
  happening, why and whom it happens
• To keep check over expenses
• To reframe organisational goals and
  objectives
• To find out deviations if any and opt for
  corrective action
      Controlling Process
1. Establishing standards
2. Measurement of performance
3. Comparison of actual with standard
   performance
4. Finding out deviations
5. Correction of deviations
Controlling Techniques

 • Oldest Techniques:
   – Budgeting
   – Financial statement analysis
   – Break-even analysis
 • Newest Techniques:
   – PERT and CPM
   – HR accounting

								
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