Budgetary Control:
Compares actual performance against financial targets.
Standard Costing:
Compares actual costs with standard costs to identify variances.
Performance Appraisal:
Evaluates employee performance for feedback and motivation.
Statistical Quality Control (SQC):
Monitors quality using statistical methods.
Management Information Systems (MIS):
Provides relevant information for decision-making.
Feedforward Control:
Anticipates problems and takes preventive measures.
Concurrent Control:
Monitors ongoing activities for immediate corrections.
Feedback Control:
Evaluates performance after completion to improve future outcomes.
Benchmarking:
Compares performance with industry best practices.
Key Performance Indicators (KPIs):
Measure progress toward strategic goals.
These techniques help organizations ensure effective performance and continuous improvement.