Question: What are the methods of Management Control? Explain each of them in brief. (Summer 2005)
Management controlling is defined as the process of determining what is to be accomplished that is the standard, what is being accomplished that is the performance and if necessary applying corrective measures so that performance take place according to plans, that is in conformity with standards. Controlling process involve following steps:
1. Establishment of Standards
2. Measurement of Performance
3. Appraisal of Performance
4. Deviations if any, what are causes. Techniques of control are :
(a) Real Time Control
(b) Feed Forward Control
(c) PERT (Programme Evaluation & Review Technique)
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