According to Brech, “ Controlling is a systematic exercise which is called as a process of checking actual performance against the standards or plans with a view to ensure adequate progress and also recording such experience as is gained as a contribution to possible future needs.”
Is a process of checking actual performance against standard performance blank 1?
Long Answer Question: “Comparing the actual performance with the laid standards, finding out the deviations and taking corrective action is an important process of a function of management”. Name this function and explain the process.
What is the process of comparing the actual performance with the predetermined standard performance?
Directing is a function of comparing the actual performance with the predetermined performance. – Organisation of Commerce and Management.
What is the process of checking actual performance with standard set for achieving objectives?
The process of comparing actual to planned performance and taking corrective action is called controlling .
How do you measure actual performance?
There are several techniques for the measurement of performance. These include personal observation , sample checking, performance reports, etc. As far as possible, performance should be measured in the same units in which standards are set as this would make their comparison easier.
What is the difference between standard performance and actual performance?
These performance standards can be in the form of goals, such as revenue from sales over a period of time. The standards should be attainable, measurable, and clear . Measuring actual performance: If performance is not measured, it cannot be ascertained whether standards have been met.
Which term is used to indicate the difference between standard performance and actual performance?
Answer: The term used to indicate the difference between standard performance and actual performance is ‘ Deviation ‘. On comparing Actual performance with Standard performance, the ‘deviations’ are revealed.
What determines what actual performance is of your organization?
Measuring performance is a vital part of monitoring an organization’s progress. It comprises measuring the actual performance outcomes or results of an organization against its intended goals. ... The strategic plan provides performance targets for the organization; it sets the corporate direction.
What is correct actual performance?
• Correct Actual Performance
• Immediate corrective action – corrective action that corrects problems at once in order to get performance back on track. • Basic corrective action – corrective action that looks at how and why performance deviated before correcting the source of deviation.
What are the 3 types of control?
There are three main types of internal controls: detective, preventative, and corrective . Controls are typically policies and procedures or technical safeguards that are implemented to prevent problems and protect the assets of an organization.
What are the five steps in the control process?
The control function can be viewed as a five-step process: (1) Establish standards, (2) Measure performance, (3) Compare actual performance with standards and identify any deviations , (4) Determine the reason for deviations, and (5) Take corrective action, if needed.
What are the 4 steps of the control process?
- Establishing standards and methods for measuring performance.
- Measuring performance.
- Determining whether performance matches the standard.
- Taking corrective action.
What are the three steps in control process?
- Establishing standards.
- Measuring and comparing actual results against standards.
- Taking corrective action.
What are examples of performance standards?
- Accountability. Responsibility from the employee and ownership for his tasks. ...
- Ethical behavior. An employee demonstrates honesty and integrity towards all the tasks equally without disrupting the organization’s vision and mission. ...
- Teamwork. ...
- Communication. ...
- Time management. ...
- Problem-solving.
What is a performance measure example?
Measuring key objectives involves comparing performance with vital elements of a job description. For example, a delivery worker’s goals would include on-time delivery , low breakage, positive customer interaction and a clean driving record.
What tool measures actual performance?
Alongside KPIs, performance appraisals are probably the most commonly used performance management tool. When used properly, performance appraisals are incredibly powerful for aligning the goals of individuals with the strategic aims of the organisation.
