function of planning_and_control

Jun 28th, 2015
Studypool Tutor
Acadia University
Price: $20 USD

Tutor description

PROJECT PLANNING AND CONTROL PROJECTS AND MANAGEMENT • Project: series of related jobs usually directed toward some major output and requiring a significant period of time to perform. • Project Management: planning, directing, and controlling resources (people, equipment, material) to meet the technical, cost, and time constraints of the project.

Word Count: 225
Showing Page: 1/11
CONTROLLINGIntroductionControl is the last function of management.Planning identifies the activities and controllingregulates the activities.Success or failure ofplanning depends upon the results of success orfailure of controllingDEFINITION Control is any process that guides activitytowards some pre-determined goal. The essence ofthe concept is in determining whether the activityis achieving the desired results.AREAS OR SCOPE OFCONTROLControl over the policies of the concernControl over organizationControl over the personnel employed in theorganizationControl over capital available to the concernControl over productionControl over the cost of productionControl over tools and equipments.Requirements of effective controlsystemFeedbackObjectiveSuitabilityPrompt reportingForward lookingFlexibleIntelligibleMotivationTechniques of controlStatistical control reportsPersonal observationCost accounting and cost controlBreak- even analysis (CVP ANALYSIS)Management auditReturn on investmentInternal auditResponsibility accountingExternal audit controlZerobase budgetingCharacteristics or features ofcontrolContinuous processUniversalForward lookingDynamic processAn essence of actionNEED OF CONTROLJudging the accuracy of standardsMinimize dishonest behaviorBetter perform

Review from student

Studypool Student
" The best tutor out there!!!! "
Ask your homework questions. Receive quality answers!

Type your question here (or upload an image)

1823 tutors are online

Brown University

1271 Tutors

California Institute of Technology

2131 Tutors

Carnegie Mellon University

982 Tutors

Columbia University

1256 Tutors

Dartmouth University

2113 Tutors

Emory University

2279 Tutors

Harvard University

599 Tutors

Massachusetts Institute of Technology

2319 Tutors

New York University

1645 Tutors

Notre Dam University

1911 Tutors

Oklahoma University

2122 Tutors

Pennsylvania State University

932 Tutors

Princeton University

1211 Tutors

Stanford University

983 Tutors

University of California

1282 Tutors

Oxford University

123 Tutors

Yale University

2325 Tutors