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WHAT IS CONTROL STEPS IN CONTROL
Table of contents
METHODS OF
ESTABLISHING CONTROL
CONCLUSION
3. The process of regulating and guiding an organization,
system, or process to achieve specific goals and
objectives, by setting standards, measuring performance,
and taking corrective action.
WHAT IS CONTROL
4. Establishing Standards: Define clear
performance standards, benchmarks, and key
performance indicators (KPIs)
Measuring Performance: Collect data and
measure actual performance against established
standards
Comparing Performance: Compare actual
performance with established standards to
identify deviations or variances.
Identifying Deviations: Analyze deviations
or variances to determine their causes and
significance.
Taking Corrective Action: Implement
corrective actions to address deviations or
variances and get back on track.
STEPS IN CONTROL
5. Budgetary Control: Establishing budgets for
different departments or activities to control
expenses.
Performance Appraisal: Regularly evaluating
employee performance to identify areas for
improvement.
Quality Control: Implementing quality control
measures to ensure products or services meet
standards.
Break-Even Analysis: Analyzing the point
at which revenue equals costs to control
profitability.
Management by Exception (MBE):
Focusing on exceptions or deviations from
standards to control performance.
Internal Control: Establishing internal
controls, such as audits and checks, to
prevent errors or mismanagement.
METHODS OF ESTABLISHING CONTROL
6. Control is a vital function of management that ensures
organizations achieve their goals and objectives efficiently and
effectively.
By setting standards, measuring performance, and taking
corrective action, control helps minimize waste, reduce costs,
and improve quality.
Effective control is essential for organizational success, and its
application can be seen in various contexts, including
organizational, process, and system control.
CONCLUSION
