Management control involves monitoring, analysis of variations and efficiency of management that, periodically, report the functional units, so that the actual performance is compared to the business plan, the variations occurring are reviewed and explained, and corrective actions are proposed to conduct the budget, if necessary.
Involves measuring, monitoring and correcting performance, to ensure that the organization is focused on achieving the objectives. Evaluates the performance of the strategic plan.
Usually, the process of Management Control is performed from:
- Determination of standards, norms, goals and expected behavior
- Selection of indicators for comparison
- Measurement for determining the behavior
- Determination of the gap
- Define corrective action and / or improvement
In Value Added Partners case, its consultants will be responsible for collecting and analyzing information from the company, comparing it regularly with the objectives set in conjunction with those responsible for it, centralizing the company’s data in a practice reading table that is updated periodically. Therefore, the company holds the essential information about its management in an organized and understandable manner.
[photo credit: Victor1558]
