Page 13 - principles of management new_Neat

UNIT – V

2 MARKS

1. DEFINE CONTROLLING

Control is function of the system which provides direction in
performance to the plans.

2. (PERFORMANCE EVALUATION AND REVIEW TECHNIQUE)
PERT

This technique is used to solve problems which crops up once or a
few times. It is used as a planning tool and controlling tool. It is used to
compute the total time required to complete the project and identify bottle

neck activities which can make delay in the project completion date.

3. (CRITICAL PATH METHOD) CPM

This technique concentrates on cost rather than duration. CPM
assumes that duration of every activity is constant. Time estimates is
made for each activity.

4. ZERO BASE BUDGETING

This is a new technique and has become popular with in a short period. It
is a new approach to budgeting. Zerobase budget is prepared without
considering the previous years figures.

5 MARKS

1. WHAT ARE THE VARIOUS STEPS IN CONTROL PROCESS?
 Establishing standards
 Measuring performance

 Comparison of actual with standard
 Taking corrective action.

2. EXPLAIN THE AREAS OR SCOPE OF CONTROL?
 Control over the policies of the concern
 Control over organization

 Control over the personnel employed in an organization.