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Which managerial function is best defined by the process of checking progress against projected plans and objectives?

The managerial function best defined by the process of checking progress against projected plans and objectives is controlling. This function involves monitoring organizational performance, comparing it to established standards, and making adjustments as necessary to ensure that goals are met. Effective controlling enables managers to identify deviations from plans and implement corrective actions to stay on track.


What do you think is the main benefit of the Monitoring and Controlling process group?

Continually measuring actual project performance against planned performance lets you know when your project is in danger of not meeting its objectives


What is the difference between project objectives and goals, and how do they contribute to the overall success of a project?

Project objectives are specific, measurable, and achievable outcomes that need to be accomplished within a certain timeframe, while project goals are broader, long-term aims that the project is working towards. Objectives are more concrete and focused, while goals provide the overarching direction for the project. Both project objectives and goals are essential for the success of a project. Objectives help to break down the larger goals into manageable tasks, providing a clear roadmap for the project team to follow. Goals, on the other hand, provide the project with a sense of purpose and direction, guiding decision-making and resource allocation. By setting clear objectives and goals, project teams can stay focused, motivated, and aligned towards achieving the desired outcomes. Regularly monitoring and evaluating progress against these objectives and goals also helps to ensure that the project stays on track and can make necessary adjustments to achieve success.


How does the controlling function of management contribute to achieving organizational objectives within business management?

The controlling function of management ensures that organizational activities are aligned with set objectives by monitoring performance and comparing it against established standards. It involves measuring outcomes, identifying variances, and implementing corrective actions as needed. This process not only helps in maintaining accountability but also enables continuous improvement, thereby enhancing overall efficiency and effectiveness in achieving business goals. Ultimately, effective control fosters a proactive approach to management that keeps the organization on track toward its objectives.


Define management by objective mbo and also explain its functions?

An effective planning tool to help the supervisor set objectives is Management by Objectives (MBO). MBO gained recognition in 1954 with the publication of Peter Drucker's book The Practice of Management. MBO is a collaborative process whereby the manager and each subordinate jointly determine objectives for that subordinate. To be successful MBO programs should include commitment and participation in the MBO process at all levels, from top management to the lowest position in the organization. MBO begins when the supervisor explains the goals for the department in a meeting. The subordinate takes the goals and proposes objectives for his or her particular job. The supervisor meets with the subordinate to approve and, if necessary, modify the individual objectives. Modification of the individual's objectives is accomplished through negotiation since the supervisor has resources to help the subordinate commit to the achievement of the objective. Thus, a set of verifiable objectives for each individual are jointly determined, prioritized, and formalized. The supervisor and the subordinate meet periodically to review the latter's progress. Communication is the key factor in determining MBO's success or failure. The supervisor gives feedback and may authorize modifications to the objectives or their timetables as circumstances dictate. Finally, the employee's performance is measured against his or her objectives, and he or she is rewarded accordingly. Hence, some of the key features of MBO are : Ø Emphasis on results rather than activities Ø Objectives for specific managerial positions. Ø Participatory or joint objective setting. Ø Identification of key result areas. Ø Establishment of Periodic Review System.

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