SlideShare a Scribd company logo
1 of 26
PERSPECTIVE MANAGEMENT
Controlling AND
TECHNIQUES OF Controlling
Submitted to: Prof. Dr.Arjita jain
Submitted by:
Varsha Golekar 18
Priyanka joshi 25
Snehal kadu 27
Swarada khaire 35
Supriya Mhatre 46
Priyanka shinde 60
MANAGEMENT
“Management is an art of knowing what to do, when to do and see that it is done
in the best and cheapest way”. - F.W. Taylor
According to Henry Fayol, “To manage is to forecast and plan, to organize, to
command, & to control”.
Effectiveness
Efficiency
Getting work
done through
others
Collaboration
Team-driven
creativity
Bottom-Up
Control
Imposed
Stiffness
Top-Down
Bottom- Up vs. Top- Down Management
Bottom-Up and top-down management
often criticized for
 Lack of clarity
 Lack of Control
Bottom-Up top-down
MANAGEMENT FUNCTIONS:
Planning
Organizing
Staffing
Leading
Controlling
Making Things Happen
Meeting the Competition
Organizing People,
Projects, and Processes
Classical
Management Functions
Updated
Management Functions
Planning, organizing, co-ordinating, staffing and directing are only preparatory
steps for getting the work done; its only through the process of control that
management is able to maintain the equilibrium between ends and means, output
and effort.
PLANNIG AND CONTROLLING LINK
Controlling is one of the managerial functions like planning, organizing ,
staffing and directing. It is an important function because it helps to check the errors and to
take the corrective action so that deviation from standards are minimized and stated goals of
the organization are achieved in desired manner.
It is the process of regulating organizational activities so that actual performance
conforms to expected organizational standards and goals. Thus, controlling means that
managers develop appropriate standards compare ongoing performance against those
standards and take steps to ensure that corrective actions are taken when necessary.
IMPORTANCE OF CONTROL
 Achievement of goals
 Execution and revision of plans
 Brings order and discipline
 Facilities decentralization of authority
 Promotion co-ordination
 Cope with uncertainty and change
Control is a
positive force
Control is a
positive force
It is a
continuous
process
It is
forward
looking
Delegation
is the key
to control
It is
universal
processIt is
dynamic
process
It is goal-
oriented
It is based
on planning
Establish
standards
Measure
performance
Compare
performance
against standards
Maintain the
status quo
Correct the
deviation
Change
standards
Determine need
for corrective
action
21 43
EXAMPLE….
 Suitable
 Simple
 Selective
 Sound and economical
 Flexible
 Forward Looking
 Reasonable
 Objective
 Responsibility for failures
 Acceptable
 Critical or strategic point control:
 Management by exception (MBE)
 benefits
 It saves time.
 It identifies critical problem areas.
 It stimulates communication.
 It reduces the frequency of decision making.
 It leads to concentration of effort on important things.
 It makes use of more knowledge and data.
 It is necessary in big organizations.
The kaizen umbrella includes all such
terms aimed at improving labor-
management relations, marketing
practices, supplier relations, in-house
systems and procedures.
Management-oriented kaizen
Group-oriented kaizen:
Individual-oriented kaizen
 Effect: Long term and long lasting but not dramatic.
 Pace: Small steps; built around existing facilities and technology.
 Time frame : Continuous and incremental
 Involvement: An ongoing and never-ending process that involves everyone in
the organization.
 Approach: Collectivism, group efforts and systems approach.
 Needs: Needs very little investments but huge efforts to keep it going.
 Orientation : People-oriented and cross-functional approach
 Feedback: Comprehensive feedback offered to all at regular intervals.
5-S
movement
Seiri
seiton
seisoseiketsu
Shitsuke
 A budget is a financial plan and a list of all planned expenses and
revenues. It is a plan for saving, borrowing and spending
 BUDGET CONTROLS is methodical control of an organization’s
operations through establishment of standards and target regarding
income expenditure, and a continuous monitoring and adjustment
of performance against them.
1 • TOP DOWN BUDGETING
2 • BOTTOM-UP BUDGETING
3 • ZERO- BASED BUDGETING
4 • FLEXIBLE BUDGETING
5 • BUDGET BASESD ON PERIOD
6 • PERFORMANCE BUDGETING
 PERT is a scheduling tool that is essentially a network
of project activities showing estimates of time
necessary to complete each activity and the
sequential relationship of activities that must be
followed to complete a project.
 CPM shows the sequence of events and activities
within a programme evaluation and review technique
network that requires the longest period of time to
complete.
 Tasks which must be carried out
 Where parallel activity can be carried out
 The shortest time in which a project can be completed
 Resources needed to achieve a project
 The sequence of activities, scheduling, and timings involved
 Task priorities
MIS (management information
system)
 Integrated technique for gathering relevant information from
whatever source it originates and transferring it into usable form for
the decision-makers in management.
1] Management information systems involve three primary
resources: technology, information, and people.
 It is three pronged service
It Minimizes information overload
It Facilitates planning
MIS Encourages Decentralization
It brings Co ordination, It makes control easier
JUST IN TIME(JIT)
Just in time (JIT) is the goal being pursued by a good
number of progressive companies which want to bring in
high degree of efficiency in the domain of supply chain
management?
The aim of this approach is to maintain zero or minimum
level of inventory in an organization by synchronizing the
supply of assemblies and equipment from the suppliers
with their demand in the
To achieve that JIT employs following techniques
• Standardization of processes.
• Total productive maintenance.
• Kanban
 Integrative philosophy of management for
continuously improving the quality of products
and processes.
TQM functions on the premise that the quality
of products and processes is the responsibility of
everyone who is involved with the creation or
consumption of the products or services offered
by an organization. In other words, TQM capitalizes
on the involvement of management, workforce,
suppliers, and even customers, in order to meet or
exceed customer expectations
Here, we have importance and advantages of control process and controlling techniques to
the organization. An organization can follow these kinds of control process techniques for the
betterment of company as well as employees and also to increase the productivity by utilizing
maximum resources with the minimum cost.

More Related Content

What's hot

Managerial control
Managerial controlManagerial control
Managerial controlParul Tandan
 
Management control system
Management control systemManagement control system
Management control systemAnkur Thakur
 
Overall control techniques
Overall control techniquesOverall control techniques
Overall control techniquesSuby A John
 
Planning And Controlling
Planning And ControllingPlanning And Controlling
Planning And Controllingguestead93f3
 
Management techniques final2
Management techniques final2Management techniques final2
Management techniques final2Har Jindal
 
Organization development full note nepal bank preparation
Organization development  full note nepal bank preparationOrganization development  full note nepal bank preparation
Organization development full note nepal bank preparationRoshan Pant
 
Controlling-Traditional Techniques
Controlling-Traditional TechniquesControlling-Traditional Techniques
Controlling-Traditional TechniquesRachit Srivastava
 
5278201 management-control-systems-introduction-1
5278201 management-control-systems-introduction-15278201 management-control-systems-introduction-1
5278201 management-control-systems-introduction-1Ankit Kauntia
 
Planning and cybernetic control paper
Planning and cybernetic control paperPlanning and cybernetic control paper
Planning and cybernetic control paperEka Darmadi
 
mgt162 chapter1
mgt162 chapter1mgt162 chapter1
mgt162 chapter1erra Izati
 
Control and its Nature
Control and its NatureControl and its Nature
Control and its NatureRajaKrishnan M
 
Strategic management final
Strategic management finalStrategic management final
Strategic management finalShakti Yadav
 
Planning
Planning Planning
Planning ChelJo
 

What's hot (20)

Managerial control
Managerial controlManagerial control
Managerial control
 
Management control system
Management control systemManagement control system
Management control system
 
MBO and MBE
MBO and MBEMBO and MBE
MBO and MBE
 
Chap 1
Chap 1Chap 1
Chap 1
 
Overall control techniques
Overall control techniquesOverall control techniques
Overall control techniques
 
Planning And Controlling
Planning And ControllingPlanning And Controlling
Planning And Controlling
 
Decision making
Decision makingDecision making
Decision making
 
Health management
Health managementHealth management
Health management
 
Management techniques final2
Management techniques final2Management techniques final2
Management techniques final2
 
Control
Control Control
Control
 
Organization development full note nepal bank preparation
Organization development  full note nepal bank preparationOrganization development  full note nepal bank preparation
Organization development full note nepal bank preparation
 
Controlling-Traditional Techniques
Controlling-Traditional TechniquesControlling-Traditional Techniques
Controlling-Traditional Techniques
 
5278201 management-control-systems-introduction-1
5278201 management-control-systems-introduction-15278201 management-control-systems-introduction-1
5278201 management-control-systems-introduction-1
 
Unit 5--- Controlling
Unit 5--- ControllingUnit 5--- Controlling
Unit 5--- Controlling
 
Planning and cybernetic control paper
Planning and cybernetic control paperPlanning and cybernetic control paper
Planning and cybernetic control paper
 
Fundamentals of planning
Fundamentals of planningFundamentals of planning
Fundamentals of planning
 
mgt162 chapter1
mgt162 chapter1mgt162 chapter1
mgt162 chapter1
 
Control and its Nature
Control and its NatureControl and its Nature
Control and its Nature
 
Strategic management final
Strategic management finalStrategic management final
Strategic management final
 
Planning
Planning Planning
Planning
 

Similar to MANAGEMENT CONTROL TECHNIQUES

7Keeping Things in CheckControls and the Control Process.docx
7Keeping Things in CheckControls and the Control Process.docx7Keeping Things in CheckControls and the Control Process.docx
7Keeping Things in CheckControls and the Control Process.docxsleeperharwell
 
control-and-its-process-icsi.pdf
control-and-its-process-icsi.pdfcontrol-and-its-process-icsi.pdf
control-and-its-process-icsi.pdfssuser1fdbd91
 
Controlling in management
Controlling in managementControlling in management
Controlling in managementTumblr
 
Staffing Directing and Controlling.pptx
Staffing Directing and Controlling.pptxStaffing Directing and Controlling.pptx
Staffing Directing and Controlling.pptxVighneshM2
 
Controlling in Management
Controlling in ManagementControlling in Management
Controlling in ManagementNawarAlSaadi1
 
Controlling and evaluation mechanism
Controlling and evaluation mechanismControlling and evaluation mechanism
Controlling and evaluation mechanismxtrm nurse
 
POM Unit VII.pptx
POM Unit VII.pptxPOM Unit VII.pptx
POM Unit VII.pptxMAbdulMoid
 
Chapter 11 controlling function of management
Chapter 11 controlling function of managementChapter 11 controlling function of management
Chapter 11 controlling function of managementPatel Jay
 
Project control
Project controlProject control
Project controlSaqib Ali
 
control technique's
control technique'scontrol technique's
control technique'schetan birla
 
Copy of [Original size] Blue Engineering Professional Presentation.pdf
Copy of [Original size] Blue Engineering Professional Presentation.pdfCopy of [Original size] Blue Engineering Professional Presentation.pdf
Copy of [Original size] Blue Engineering Professional Presentation.pdfYashuMaru
 

Similar to MANAGEMENT CONTROL TECHNIQUES (20)

Business management
Business managementBusiness management
Business management
 
7Keeping Things in CheckControls and the Control Process.docx
7Keeping Things in CheckControls and the Control Process.docx7Keeping Things in CheckControls and the Control Process.docx
7Keeping Things in CheckControls and the Control Process.docx
 
control-and-its-process-icsi.pdf
control-and-its-process-icsi.pdfcontrol-and-its-process-icsi.pdf
control-and-its-process-icsi.pdf
 
Controlling in management
Controlling in managementControlling in management
Controlling in management
 
Staffing Directing and Controlling.pptx
Staffing Directing and Controlling.pptxStaffing Directing and Controlling.pptx
Staffing Directing and Controlling.pptx
 
Controlling in Management
Controlling in ManagementControlling in Management
Controlling in Management
 
Unit 07
Unit 07Unit 07
Unit 07
 
Controlling and evaluation mechanism
Controlling and evaluation mechanismControlling and evaluation mechanism
Controlling and evaluation mechanism
 
Unit v
Unit vUnit v
Unit v
 
Controlling
ControllingControlling
Controlling
 
POM Unit VII.pptx
POM Unit VII.pptxPOM Unit VII.pptx
POM Unit VII.pptx
 
Chapter 11 controlling function of management
Chapter 11 controlling function of managementChapter 11 controlling function of management
Chapter 11 controlling function of management
 
Unit 5 controlling
Unit 5 controllingUnit 5 controlling
Unit 5 controlling
 
Project control
Project controlProject control
Project control
 
Controlling.pptx
Controlling.pptxControlling.pptx
Controlling.pptx
 
control technique's
control technique'scontrol technique's
control technique's
 
Shanta denim industry
Shanta denim industryShanta denim industry
Shanta denim industry
 
Copy of [Original size] Blue Engineering Professional Presentation.pdf
Copy of [Original size] Blue Engineering Professional Presentation.pdfCopy of [Original size] Blue Engineering Professional Presentation.pdf
Copy of [Original size] Blue Engineering Professional Presentation.pdf
 
Controling
ControlingControling
Controling
 
Controlling
ControllingControlling
Controlling
 

Recently uploaded

Call Girls Miyapur 7001305949 all area service COD available Any Time
Call Girls Miyapur 7001305949 all area service COD available Any TimeCall Girls Miyapur 7001305949 all area service COD available Any Time
Call Girls Miyapur 7001305949 all area service COD available Any Timedelhimodelshub1
 
Call Girls Navi Mumbai Just Call 9907093804 Top Class Call Girl Service Avail...
Call Girls Navi Mumbai Just Call 9907093804 Top Class Call Girl Service Avail...Call Girls Navi Mumbai Just Call 9907093804 Top Class Call Girl Service Avail...
Call Girls Navi Mumbai Just Call 9907093804 Top Class Call Girl Service Avail...Dipal Arora
 
RE Capital's Visionary Leadership under Newman Leech
RE Capital's Visionary Leadership under Newman LeechRE Capital's Visionary Leadership under Newman Leech
RE Capital's Visionary Leadership under Newman LeechNewman George Leech
 
Pitch Deck Teardown: NOQX's $200k Pre-seed deck
Pitch Deck Teardown: NOQX's $200k Pre-seed deckPitch Deck Teardown: NOQX's $200k Pre-seed deck
Pitch Deck Teardown: NOQX's $200k Pre-seed deckHajeJanKamps
 
VIP Call Girls Pune Kirti 8617697112 Independent Escort Service Pune
VIP Call Girls Pune Kirti 8617697112 Independent Escort Service PuneVIP Call Girls Pune Kirti 8617697112 Independent Escort Service Pune
VIP Call Girls Pune Kirti 8617697112 Independent Escort Service PuneCall girls in Ahmedabad High profile
 
2024 Numerator Consumer Study of Cannabis Usage
2024 Numerator Consumer Study of Cannabis Usage2024 Numerator Consumer Study of Cannabis Usage
2024 Numerator Consumer Study of Cannabis UsageNeil Kimberley
 
Call Girls in Gomti Nagar - 7388211116 - With room Service
Call Girls in Gomti Nagar - 7388211116  - With room ServiceCall Girls in Gomti Nagar - 7388211116  - With room Service
Call Girls in Gomti Nagar - 7388211116 - With room Servicediscovermytutordmt
 
Lowrate Call Girls In Sector 18 Noida ❤️8860477959 Escorts 100% Genuine Servi...
Lowrate Call Girls In Sector 18 Noida ❤️8860477959 Escorts 100% Genuine Servi...Lowrate Call Girls In Sector 18 Noida ❤️8860477959 Escorts 100% Genuine Servi...
Lowrate Call Girls In Sector 18 Noida ❤️8860477959 Escorts 100% Genuine Servi...lizamodels9
 
Sales & Marketing Alignment: How to Synergize for Success
Sales & Marketing Alignment: How to Synergize for SuccessSales & Marketing Alignment: How to Synergize for Success
Sales & Marketing Alignment: How to Synergize for SuccessAggregage
 
VIP Kolkata Call Girl Howrah 👉 8250192130 Available With Room
VIP Kolkata Call Girl Howrah 👉 8250192130  Available With RoomVIP Kolkata Call Girl Howrah 👉 8250192130  Available With Room
VIP Kolkata Call Girl Howrah 👉 8250192130 Available With Roomdivyansh0kumar0
 
Call Girls In Radisson Blu Hotel New Delhi Paschim Vihar ❤️8860477959 Escorts...
Call Girls In Radisson Blu Hotel New Delhi Paschim Vihar ❤️8860477959 Escorts...Call Girls In Radisson Blu Hotel New Delhi Paschim Vihar ❤️8860477959 Escorts...
Call Girls In Radisson Blu Hotel New Delhi Paschim Vihar ❤️8860477959 Escorts...lizamodels9
 
Vip Dewas Call Girls #9907093804 Contact Number Escorts Service Dewas
Vip Dewas Call Girls #9907093804 Contact Number Escorts Service DewasVip Dewas Call Girls #9907093804 Contact Number Escorts Service Dewas
Vip Dewas Call Girls #9907093804 Contact Number Escorts Service Dewasmakika9823
 
Banana Powder Manufacturing Plant Project Report 2024 Edition.pptx
Banana Powder Manufacturing Plant Project Report 2024 Edition.pptxBanana Powder Manufacturing Plant Project Report 2024 Edition.pptx
Banana Powder Manufacturing Plant Project Report 2024 Edition.pptxgeorgebrinton95
 
BEST Call Girls In Old Faridabad ✨ 9773824855 ✨ Escorts Service In Delhi Ncr,
BEST Call Girls In Old Faridabad ✨ 9773824855 ✨ Escorts Service In Delhi Ncr,BEST Call Girls In Old Faridabad ✨ 9773824855 ✨ Escorts Service In Delhi Ncr,
BEST Call Girls In Old Faridabad ✨ 9773824855 ✨ Escorts Service In Delhi Ncr,noida100girls
 
Cash Payment 9602870969 Escort Service in Udaipur Call Girls
Cash Payment 9602870969 Escort Service in Udaipur Call GirlsCash Payment 9602870969 Escort Service in Udaipur Call Girls
Cash Payment 9602870969 Escort Service in Udaipur Call GirlsApsara Of India
 
Progress Report - Oracle Database Analyst Summit
Progress  Report - Oracle Database Analyst SummitProgress  Report - Oracle Database Analyst Summit
Progress Report - Oracle Database Analyst SummitHolger Mueller
 
Tech Startup Growth Hacking 101 - Basics on Growth Marketing
Tech Startup Growth Hacking 101  - Basics on Growth MarketingTech Startup Growth Hacking 101  - Basics on Growth Marketing
Tech Startup Growth Hacking 101 - Basics on Growth MarketingShawn Pang
 
Marketing Management Business Plan_My Sweet Creations
Marketing Management Business Plan_My Sweet CreationsMarketing Management Business Plan_My Sweet Creations
Marketing Management Business Plan_My Sweet Creationsnakalysalcedo61
 
Keppel Ltd. 1Q 2024 Business Update Presentation Slides
Keppel Ltd. 1Q 2024 Business Update  Presentation SlidesKeppel Ltd. 1Q 2024 Business Update  Presentation Slides
Keppel Ltd. 1Q 2024 Business Update Presentation SlidesKeppelCorporation
 

Recently uploaded (20)

Call Girls Miyapur 7001305949 all area service COD available Any Time
Call Girls Miyapur 7001305949 all area service COD available Any TimeCall Girls Miyapur 7001305949 all area service COD available Any Time
Call Girls Miyapur 7001305949 all area service COD available Any Time
 
Call Girls Navi Mumbai Just Call 9907093804 Top Class Call Girl Service Avail...
Call Girls Navi Mumbai Just Call 9907093804 Top Class Call Girl Service Avail...Call Girls Navi Mumbai Just Call 9907093804 Top Class Call Girl Service Avail...
Call Girls Navi Mumbai Just Call 9907093804 Top Class Call Girl Service Avail...
 
RE Capital's Visionary Leadership under Newman Leech
RE Capital's Visionary Leadership under Newman LeechRE Capital's Visionary Leadership under Newman Leech
RE Capital's Visionary Leadership under Newman Leech
 
Pitch Deck Teardown: NOQX's $200k Pre-seed deck
Pitch Deck Teardown: NOQX's $200k Pre-seed deckPitch Deck Teardown: NOQX's $200k Pre-seed deck
Pitch Deck Teardown: NOQX's $200k Pre-seed deck
 
VIP Call Girls Pune Kirti 8617697112 Independent Escort Service Pune
VIP Call Girls Pune Kirti 8617697112 Independent Escort Service PuneVIP Call Girls Pune Kirti 8617697112 Independent Escort Service Pune
VIP Call Girls Pune Kirti 8617697112 Independent Escort Service Pune
 
2024 Numerator Consumer Study of Cannabis Usage
2024 Numerator Consumer Study of Cannabis Usage2024 Numerator Consumer Study of Cannabis Usage
2024 Numerator Consumer Study of Cannabis Usage
 
Best Practices for Implementing an External Recruiting Partnership
Best Practices for Implementing an External Recruiting PartnershipBest Practices for Implementing an External Recruiting Partnership
Best Practices for Implementing an External Recruiting Partnership
 
Call Girls in Gomti Nagar - 7388211116 - With room Service
Call Girls in Gomti Nagar - 7388211116  - With room ServiceCall Girls in Gomti Nagar - 7388211116  - With room Service
Call Girls in Gomti Nagar - 7388211116 - With room Service
 
Lowrate Call Girls In Sector 18 Noida ❤️8860477959 Escorts 100% Genuine Servi...
Lowrate Call Girls In Sector 18 Noida ❤️8860477959 Escorts 100% Genuine Servi...Lowrate Call Girls In Sector 18 Noida ❤️8860477959 Escorts 100% Genuine Servi...
Lowrate Call Girls In Sector 18 Noida ❤️8860477959 Escorts 100% Genuine Servi...
 
Sales & Marketing Alignment: How to Synergize for Success
Sales & Marketing Alignment: How to Synergize for SuccessSales & Marketing Alignment: How to Synergize for Success
Sales & Marketing Alignment: How to Synergize for Success
 
VIP Kolkata Call Girl Howrah 👉 8250192130 Available With Room
VIP Kolkata Call Girl Howrah 👉 8250192130  Available With RoomVIP Kolkata Call Girl Howrah 👉 8250192130  Available With Room
VIP Kolkata Call Girl Howrah 👉 8250192130 Available With Room
 
Call Girls In Radisson Blu Hotel New Delhi Paschim Vihar ❤️8860477959 Escorts...
Call Girls In Radisson Blu Hotel New Delhi Paschim Vihar ❤️8860477959 Escorts...Call Girls In Radisson Blu Hotel New Delhi Paschim Vihar ❤️8860477959 Escorts...
Call Girls In Radisson Blu Hotel New Delhi Paschim Vihar ❤️8860477959 Escorts...
 
Vip Dewas Call Girls #9907093804 Contact Number Escorts Service Dewas
Vip Dewas Call Girls #9907093804 Contact Number Escorts Service DewasVip Dewas Call Girls #9907093804 Contact Number Escorts Service Dewas
Vip Dewas Call Girls #9907093804 Contact Number Escorts Service Dewas
 
Banana Powder Manufacturing Plant Project Report 2024 Edition.pptx
Banana Powder Manufacturing Plant Project Report 2024 Edition.pptxBanana Powder Manufacturing Plant Project Report 2024 Edition.pptx
Banana Powder Manufacturing Plant Project Report 2024 Edition.pptx
 
BEST Call Girls In Old Faridabad ✨ 9773824855 ✨ Escorts Service In Delhi Ncr,
BEST Call Girls In Old Faridabad ✨ 9773824855 ✨ Escorts Service In Delhi Ncr,BEST Call Girls In Old Faridabad ✨ 9773824855 ✨ Escorts Service In Delhi Ncr,
BEST Call Girls In Old Faridabad ✨ 9773824855 ✨ Escorts Service In Delhi Ncr,
 
Cash Payment 9602870969 Escort Service in Udaipur Call Girls
Cash Payment 9602870969 Escort Service in Udaipur Call GirlsCash Payment 9602870969 Escort Service in Udaipur Call Girls
Cash Payment 9602870969 Escort Service in Udaipur Call Girls
 
Progress Report - Oracle Database Analyst Summit
Progress  Report - Oracle Database Analyst SummitProgress  Report - Oracle Database Analyst Summit
Progress Report - Oracle Database Analyst Summit
 
Tech Startup Growth Hacking 101 - Basics on Growth Marketing
Tech Startup Growth Hacking 101  - Basics on Growth MarketingTech Startup Growth Hacking 101  - Basics on Growth Marketing
Tech Startup Growth Hacking 101 - Basics on Growth Marketing
 
Marketing Management Business Plan_My Sweet Creations
Marketing Management Business Plan_My Sweet CreationsMarketing Management Business Plan_My Sweet Creations
Marketing Management Business Plan_My Sweet Creations
 
Keppel Ltd. 1Q 2024 Business Update Presentation Slides
Keppel Ltd. 1Q 2024 Business Update  Presentation SlidesKeppel Ltd. 1Q 2024 Business Update  Presentation Slides
Keppel Ltd. 1Q 2024 Business Update Presentation Slides
 

MANAGEMENT CONTROL TECHNIQUES

  • 1. PERSPECTIVE MANAGEMENT Controlling AND TECHNIQUES OF Controlling Submitted to: Prof. Dr.Arjita jain Submitted by: Varsha Golekar 18 Priyanka joshi 25 Snehal kadu 27 Swarada khaire 35 Supriya Mhatre 46 Priyanka shinde 60
  • 2. MANAGEMENT “Management is an art of knowing what to do, when to do and see that it is done in the best and cheapest way”. - F.W. Taylor According to Henry Fayol, “To manage is to forecast and plan, to organize, to command, & to control”. Effectiveness Efficiency Getting work done through others
  • 4. Bottom-Up and top-down management often criticized for  Lack of clarity  Lack of Control Bottom-Up top-down
  • 5. MANAGEMENT FUNCTIONS: Planning Organizing Staffing Leading Controlling Making Things Happen Meeting the Competition Organizing People, Projects, and Processes Classical Management Functions Updated Management Functions
  • 6. Planning, organizing, co-ordinating, staffing and directing are only preparatory steps for getting the work done; its only through the process of control that management is able to maintain the equilibrium between ends and means, output and effort. PLANNIG AND CONTROLLING LINK
  • 7. Controlling is one of the managerial functions like planning, organizing , staffing and directing. It is an important function because it helps to check the errors and to take the corrective action so that deviation from standards are minimized and stated goals of the organization are achieved in desired manner. It is the process of regulating organizational activities so that actual performance conforms to expected organizational standards and goals. Thus, controlling means that managers develop appropriate standards compare ongoing performance against those standards and take steps to ensure that corrective actions are taken when necessary.
  • 8. IMPORTANCE OF CONTROL  Achievement of goals  Execution and revision of plans  Brings order and discipline  Facilities decentralization of authority  Promotion co-ordination  Cope with uncertainty and change
  • 9. Control is a positive force Control is a positive force It is a continuous process It is forward looking Delegation is the key to control It is universal processIt is dynamic process It is goal- oriented It is based on planning
  • 10. Establish standards Measure performance Compare performance against standards Maintain the status quo Correct the deviation Change standards Determine need for corrective action 21 43
  • 12.  Suitable  Simple  Selective  Sound and economical  Flexible  Forward Looking  Reasonable  Objective  Responsibility for failures  Acceptable
  • 13.
  • 14.  Critical or strategic point control:  Management by exception (MBE)  benefits  It saves time.  It identifies critical problem areas.  It stimulates communication.  It reduces the frequency of decision making.  It leads to concentration of effort on important things.  It makes use of more knowledge and data.  It is necessary in big organizations.
  • 15.
  • 16. The kaizen umbrella includes all such terms aimed at improving labor- management relations, marketing practices, supplier relations, in-house systems and procedures. Management-oriented kaizen Group-oriented kaizen: Individual-oriented kaizen
  • 17.  Effect: Long term and long lasting but not dramatic.  Pace: Small steps; built around existing facilities and technology.  Time frame : Continuous and incremental  Involvement: An ongoing and never-ending process that involves everyone in the organization.  Approach: Collectivism, group efforts and systems approach.  Needs: Needs very little investments but huge efforts to keep it going.  Orientation : People-oriented and cross-functional approach  Feedback: Comprehensive feedback offered to all at regular intervals.
  • 19.  A budget is a financial plan and a list of all planned expenses and revenues. It is a plan for saving, borrowing and spending  BUDGET CONTROLS is methodical control of an organization’s operations through establishment of standards and target regarding income expenditure, and a continuous monitoring and adjustment of performance against them.
  • 20. 1 • TOP DOWN BUDGETING 2 • BOTTOM-UP BUDGETING 3 • ZERO- BASED BUDGETING 4 • FLEXIBLE BUDGETING 5 • BUDGET BASESD ON PERIOD 6 • PERFORMANCE BUDGETING
  • 21.  PERT is a scheduling tool that is essentially a network of project activities showing estimates of time necessary to complete each activity and the sequential relationship of activities that must be followed to complete a project.  CPM shows the sequence of events and activities within a programme evaluation and review technique network that requires the longest period of time to complete.
  • 22.  Tasks which must be carried out  Where parallel activity can be carried out  The shortest time in which a project can be completed  Resources needed to achieve a project  The sequence of activities, scheduling, and timings involved  Task priorities
  • 23. MIS (management information system)  Integrated technique for gathering relevant information from whatever source it originates and transferring it into usable form for the decision-makers in management. 1] Management information systems involve three primary resources: technology, information, and people.  It is three pronged service It Minimizes information overload It Facilitates planning MIS Encourages Decentralization It brings Co ordination, It makes control easier
  • 24. JUST IN TIME(JIT) Just in time (JIT) is the goal being pursued by a good number of progressive companies which want to bring in high degree of efficiency in the domain of supply chain management? The aim of this approach is to maintain zero or minimum level of inventory in an organization by synchronizing the supply of assemblies and equipment from the suppliers with their demand in the To achieve that JIT employs following techniques • Standardization of processes. • Total productive maintenance. • Kanban
  • 25.  Integrative philosophy of management for continuously improving the quality of products and processes. TQM functions on the premise that the quality of products and processes is the responsibility of everyone who is involved with the creation or consumption of the products or services offered by an organization. In other words, TQM capitalizes on the involvement of management, workforce, suppliers, and even customers, in order to meet or exceed customer expectations
  • 26. Here, we have importance and advantages of control process and controlling techniques to the organization. An organization can follow these kinds of control process techniques for the betterment of company as well as employees and also to increase the productivity by utilizing maximum resources with the minimum cost.