TRADITIONAL AND MODERN CONTROL TECHNIQUESPRESENTED BY:BY:PUNIL GUPTA ROLL NO :-34 :-

BIBLIOGRAPHY & REFERENCESMANAGEMENT BY STEPHEN P. ROBBINS & MARY COULTER (PAGE 498-507) 498PRINCIPLE & PRACTICE OF MANAGEMENT BY : L.M.PRASAD PAGE (692-700) (692ESSENTIAL OF MANAGEMENT BY: HAROLD KOONTZ & WEIHRICH PAGE 393-408 393MANAGEMENT CONCEPT,PRACTICES & SKILLS BY: R.WAYNE MONDY & SHANE.R.PREMEAUX PAGE 488

WEBSITESWWW.MBA .HELP.ORG. .HELP.ORG. WWW.MANAGEMENTTASK.COM WWW.GEOCITIES.ORG.

DEFINITIONCONTROL IN MANAGEMENT MEANS MEASUREMENT, WHEREAS CONTROLLING IS A PROCESS OF GATHERING AND FEEDING BACK INFORMATION ABOUT PERFOMANCE SO THAT DECISION MAKERS CAN COMPARE ACTUAL RESULTS WITH PLANNED RESULTS & DECIDE WHAT TO DO ABOUT ANY APPARENT PROBLEM BY : GIGLIONE & BEDEIAN

TECHNIQUES OF CONTROLINTRODUCTION TRADITIONAL CONTROL TECHNIQUES MODERN CONTROL TECHNIQUES

TRADITIONAL CONTROL TECHNIQUES

1. BUDGET CONTROLUSES OF BUDGETARY CONTROL 1. PLANNING 2. COORDINATION 3. CONTROL

ELEMENTS OF BUDGETARY CONTROL1. 2. 3. 4. BUDGET POLICY GUIDELINE PREPARATION OF BUDGET REPORTING OF VARIANCE REVIEW AND FOLLOW-UP FOLLOW-

TYPES OF BUDGET1. 2. 3. 4. 5. 6. 7. 8. 9.EXPENSE BUDGET REVENUE BUDGET CASH BUDGET CAPITAL BUDGET SALES BUDGET PRODUCTION BUDGET PURCHASE BUDGET LABOUR BUDGET MASTER BUDGET

STANDARD COSTINGADVENTAGES

1. SERVES AS A YARD STICK 2. OPPORTUNITY TO REVIEW THE COST 3. OPPORTUNITY FOR THE IMPROVEMENT IN THE 4. 1. 2. 3.METHOD OF OPERATION SERVES AS A VALUEABLE AID TO MANAGEMENT LIMITATIONS IT IS DIFICULT & EXPENSIVE TO APPLY IT DEPENDS ON RELIABILITY & ACCURACY OF STANDARDS STANDARDS MAY VARY FROM PERSON TO PERSON

MODERN TECHNIQUES1. BREAK EVEN ANALYSIS FIXED COST VARIABLE COSTBREAK EVEN VOLUME=TOTAL FIXED COST VOLUME= CONTRIBUTION MARGIN PER UNIT

ADVANTAGES 1. TOOL FOR PROFIT PLANNING 2. BASIS FOR BUDGETING 3. OBJECTIVITY IN COSTVCONTROLING 4. INDICATION OF SAFETY MARGIN LIMITATIONS 1. SELLING PRICE ARE NOT EFFECTED BY THE VOLUME OF OPERATION

PRGRAMME EVALUATION AND REVIEW TECHNIQUES (PERT)USE OF PERT IN FOLLOWING MANAGERIAL TECHNIQUES PLANNING SCHEDULING CONTROL

1. 2. 3. 4. 1. 2.

ADVANTAGES ADVANCE PLANNING SYSTEMATIC PLANNING ATTENTION ON CRITICAL EVENTS PROBABILITY OF FORWARD LOOKING CONTROL LIMITATIONS TIME ESTIMATE NO EMPHASIS ON COST

CRITICAL PATH METHODADVANTAGES 1.IT DETRMIMES PATH BETWEEN TWO OR MORE OPERATION 2.TO LOCATE THE POINT OF LIKELY OBSTACLES 3. TO DETERMINE THE STARTING & FINISHING TIME FOR EACH OPERATION LIMITATIONS 1. IT HAS LIMITED USE & APPLICATION IN RESPECTIVE OPERATION

MANAGEMENT AUDIT1. 2. 3. 1. 2.ADVANTAGES IT IS AN INSURANCE AGAINST SELF COMPLACEMENT IT SUPPLIES MANAGEENT WITH USEFUL INFORMATION IT EVALUATES ALL ASPECTS OF THE ORGANIZATION LIMITATION IT MAY DISCOARGE MANAGEMENT FROM TAKING INITIATIVE EXECUTIVES ALSO LIKELY TO BE DISCOURAGE

CORPORATE EXAMPLEMcDONALD S CONTROL TECHNIQUES