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Learn how to control the activities of an organization by establishing goals, measuring performance, taking corrective action and following up. See examples and definitions of tangible and intangible goals, actual performance and corrective action.
Controlling is a function of management that compares actual performance with standards and takes corrective action. Learn about the features, process and types of controlling in an organization with examples and diagrams.
- Set Performance Standards. You need a goal for your business, but you also need guidance for your team to keep them working towards that goal. Without such standards, it’s possible that they’ll move away from the plan, whether intentionally or not.
- Measure Performance. Setting a standard makes it possible to measure performance using a control function. Through this measurement of performance, you can quickly catch and correct any deviation from the plan before it goes off-track and runs production into the ground.
- Compare Actual Performance Against Performance Standards. Once you have a baseline for how your teams are performing when manufacturing, packaging, delivering, etc., you can compare the actual to the planned performance and determine the extent of the deviation.
- Analyze Deviations. This brings us to the next step: where you analyze data using the acceptable limits. If standards weren’t met, the manager must then figure out whether more control is required—or if maybe, the standard itself should be changed.
2 days ago · The controlling Process consists of five steps: Setting the standards. Measuring the performance. Comparing the performance to the set standards. Determining the reasons for any such deviations which is required to be paid heed to. Take corrective action as required.
- Performance standards are the set of monetary terms like revenue, costs, or profits. They also may be stated in other terms, such as units produced...
- Control standards are categorized as quantitative and qualitative standards. The Quantitative standards are expressed in terms of money. The Qualit...
- Predictive control is an advanced method that is used for the process of control that is used to control a process by satisfying a range of standar...
- Management control is one of the four management functions that are critical to an organization's efficiency and effectiveness. Managers can succes...
- Any organization's control system relies on accurate and timely reporting on real performance. Written reports are the most common form of feedback...
- The Controlling Process helps you save time and energy. This allows managers to focus on more critical duties while also making greater use of mana...
- Closed or open-loop control actions are also possible. The most obvious distinction between the two is feedback. In an open-loop control system, th...
Learn how to manage the control process, which involves setting standards, measuring performance, comparing results, and taking action. Explore the types of controls: feedback, proactive, and concurrent.
Dec 18, 2012 · Learn how to monitor and control a project using the PMBOK® Guide's five steps: set performance standards, measure performance, compare actual performance, analyze deviations, and take corrective actions. Find out what tangible and intangible standards are and how to track them.
Controlling is the process of assessing the organization’s progress toward accomplishing its goals. It includes monitoring the implementation of a plan and correcting deviations from that plan. As Exhibit 6.6 shows, controlling can be visualized as a cyclical process made up of five stages:
