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Question 74
List four [4] requirements of a good evaluation and control system. [4 Marks]
Expert Answer
Good evaluation and control system is one which conbine strategies and ensure that they are implemented at operations end . In this it is ensured that busisness plan are implemented succesfully and team or business get required result by applying same at Operations end
Following are the requirement of good evaluation and control system
- The control should be effective and specific . Control should manage mangerial activities as if planning is done properly
- It take into account the changing requirements as market is very dynamic and so it should be flexible and should adopt change
- It analyze the implementation closely and help in analyzing risk quickly at early stage only . So re work or modification will be less costly anf less time consuming
- It will help in improving the end result with continous planning and improvement . So chance of failure will be less and profit will be more
