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Presentation transcript:

WELCOME

Chapter:10 Controlling

Concept of Controlling Controlling is the basic management function of – (1) establishing benchmarks or standards, (2) comparing actual performance against them, and (3) taking corrective action, if required.

Features of Controlling Final stage Dependency on basis Periodical work Continuous process Scope Work of upper executive

Lesson Evaluation What is controlling? Define periodical work. Why controlling is called the continuous process?

Importance of Controlling Establishing order Aid to detection of problem Quick implementation of plans Developing next plan Initiating quick corrective action Removing deception& over-expectation Easy delegation of authority

Principles of controlling 1.Principle of suitability 2.Principle of simplicity 3.Principle of promptness 4.Principle of flexibility 5.Principle of future looking 6.Principle of exception 7.Principle of economy 8.Principle of efficiency

Principles of controlling 1.Principle of suitability 2.Principle of simplicity 3.Principle of promptness 4.Principle of flexibility 5.Principle of future looking 6.Principle of exception 7.Principle of economy 8.Principle of efficiency

Various Steps of Controlling Process Setting Standard Measuring Performance Comparison of actual performance with standard Determination & Evaluation of deviations Taking corrective action

Important techniques of controlling Budgetary Control Techniques Budget Non-budgetary control Techniques 1.Quantative data analysis 2.Special report analysis 3.Personal observation 4.Internal Audit 5.Break-even analysis 6.Analsis of financial statement 7.Return on investment Planning & Controlling Techniques 1.Gantt Chart 2.PERT

Evaluation What is Return on investment analysis? What is BEP? What is internal audit?

GANTT chart

GANTT chart

PERT

Self-assessment Description Controlling technique Monthly departmental income & expenditure plan Controlling by supervision Comparing output with weekly sales target Sales progress discussion bu departmental head Adopting annual production pln Reviewing labor unrest report