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www.gyaniversity.com147MMPC001: Management Functions and Organisational ProcessesRegular Maintenance: Ensures machinery and equipment are in good working order to avoid operational issues. Standard Cost Control: Establishes cost benchmarks before production starts to manage expenses effectively.Concurrent Control: Applied duringthe process to ensure adherence to plans. Direct Supervision: Managers oversee operations in realtime to ensure compliance with standards. Automated Systems: Technology that provides immediate feedback, such as alerts for incorrect commands. Ongoing Quality Checks: Regular inspections during manufacturing to maintain quality standards.Feedback Control: Conducted afterthe process to evaluate outcomes and inform future actions.Performance Reviews: Analysingresults to assess effectiveness and efficiency. Timely Reports: Weekly or monthly reports that provide insights into performance against goals. Budgetary Controls: Reviewing financial performance to guide future budgeting and planning.Internal Controls: Safeguard assets, ensure data accuracy, and promote operational efficiency within organizations. Preventive Controls: Aim to prevent errors before they occur. Detective Controls: Identify errors after they have occurred.Techniques of ControlGantt Chart: A visual toolfor planning and controlling projects. Timeline Visualization: Plots operations along a timeline for easy tracking of progress. Performance Comparison: Allows managers to compare actual performance against planned schedules, facilitating immediate corrective actions.Breakeven Analysis: Analysesfinancial relationships to determine the breakeven point. Key Components: Fixed costs, variable costs, total cost, price per unit, and output levels. DecisionMaking Tool: Helps managers adjust variables in response to deviations from expected performance.