Apr 2016
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This document outlines 3 plans to get a 5.36% reduction at Ex-Work cost. Plan 1 aims to reduce inefficient processes. Plan 2 looks to reduce material set up time. Plan 3 targets reducing overhead expense costs.
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Pom notes unit 2
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For more such innovative content on management studies, join WeSchool PGDM-DLP Program: http://bit.ly/ZEcPAcMore Related Content
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This a small presentation on the topic of controlling which is an important part of management. I hope this will help you to find the importance of controlling in brief.
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The planning process involves situational analysis, generating alternatives, evaluation, selection, implementation, and monitoring. It mirrors the general decision-making process. The formal planning steps are more specific to businesses and include goal/plan evaluation, selection, implementation, and monitoring. Planning occurs at three levels - strategic, tactical, and operational - which differ in their managerial level, detail, and time horizon. Strategic planning sets long-term goals, tactical planning implements medium-term plans, and operational planning focuses on short-term execution.
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Controlling involves checking current performance against predetermined standards to ensure adequate progress and satisfactory performance. It is a continuous process that involves establishing standards, measuring performance, comparing to standards, and taking corrective action if needed. Various techniques are used for budgetary control, non-budgetary control, productivity management, cost control, purchase control, maintenance control, and quality control. Information technology also aids the controlling process through management information systems.
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In chapter controlling I tried to show this process. I think it will be better for your seeking information about controlling in management. In the presentation much information provided.
Control
The document discusses the principles of control in management. It defines control as measuring and correcting performance to ensure objectives are achieved. Control involves setting standards, measuring performance, comparing results to standards, introducing corrective measures if needed, and following up. Traditional control techniques discussed include budgetary control, cost control, statistical control, and financial statements. Modern techniques mentioned are critical path method (CPM), program evaluation and review technique (PERT), return on investment, management audit, and management by objectives (MBO). The relationship between planning and control is also explained, with planning establishing the basis for control.
5.2 DMADOV Phase.pptx
The DMADOV methodology is a Design for Six Sigma (DFSS) approach that involves 6 steps: Define, Measure, Analyze, Design, Optimize, and Verify. It is used to design new processes, products, or services. In the Define step, customer requirements are gathered. Measure involves translating requirements into engineering specifications. Analyze develops concepts and evaluates alternatives. Design generates the solution. Optimize refines the design using tools like experiments. Verify finalizes the design and implements controls. DMADOV forces consideration of optimization to refine the design.
Pmp brain-dump
PMP - Brain Dump
Important formulae
Key Process in each of the process group
(Reference - PMBOK5)
Principles of Management – Chpt 17 : Controlling
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Control is the last function of management. Success or failure of planning depends on the success or failure of controlling.
For more such innovative content on management studies, join WeSchool PGDM-DLP Program: http://bit.ly/ZEcPAcWhat's hot (18)
Apr 2016
- 1. How to get reduction 5.36% at Ex-Work cost
- 3. Reduce Material Set Up Plan-2
- 4. Reduce Overhead Expense cost Plan-3