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Engineering Management
Engineering Management
CONTROLLING
Study Questions
WHAT IS CONTROLLING?
WHAT ARE THE STEPS IN THE CONTROL PROCESS?
WHAT ARE THE COMMON CONTROL TOOLS AND TECHNIQUES
Controlling
THE PROCESS OF MEASURING PERFORMANCE AND TAKING ACTION TO ENSURE
DESIRED RESULTS.
ENSURES THAT THE RIGHT THINGS HAPPEN, IN THE RIGHT WAY, AT THE RIGHT
TIME.
The Control Process
ESTABLISH OBJECTIVES AND STANDARDS.
NEED FOR ACTION RECFLECTS THE RESULTS THE DIFFERENCE BETWEEN DESIRED
PERFORMANCE AND ACTUAL PERFORMANCE.
TAKING NECESSARY ACTION BASED
ON THE RESULTS OF COMPARISION
CORRECTION ACTION.
STRATEGIC PLAN
THE LONG RANGE FINANCIAL PLAN
THE OPERATING BUDGET
PERFORMANCE APPRAISALS
STATISTICAL REPORTS
POLICIES AND PROCEDURES
STRATEGIC CONTROL
SYSTEMS
FINANCIAL ANALYSIS
FINANCIAL RATIO ANALYSIS
FINANCIAL RATIO
CATEGORIZED
LIQUIAGRITY
EFFICIENCY
FINANCIAL LEVERAGE
PROFITABILITY
IDENTIFYING CONTROL
PROBLEMS