1. Principles of Management
Controlling
Objectives of Controlling
Controlling Process
Controlling Techniques

2. Controlling
“It is the measurement and correction of performance in order to make sure that enterprise objectives and the plans devised to attain them are accomplished.”

3. Characteristics of Controlling
It is a continuous process
It is a management function
It is exercised at all levels

4. Objectives of Controlling
To ensure high efficiency of the business
To understand what had happened and is happening, why and whom it happens
To keep check over expenses
To reframe organisational goals and objectives
To find out deviations if any and opt for corrective action

5. Controlling Process Establishing standards Measurement of performance
Comparison of actual with standard performance
Finding out deviations
Correction of deviations

6. Controlling Techniques
Oldest Techniques:
Budgeting
Financial statement analysis
Break-even analysis
Newest Techniques:
PERT and CPM
HR accounting

7. Thank You