Management Control Practice Exam
About Management Control
Management Control is an important function of management and which all the managers are required to perform. In order to contribute towards achievement of organisational objectives, a manager is required to exercise effective control over the activities of his subordinates.
Management Control can be defined as a managerial function which ensures that activities in an organisation are performed according to the plans. Management Control also ensures efficient and effective use of organisational resources for achieving the goals.
Management Control function is performed in all types of organizations whether commercial or non commercial and at all levels i.e. top, middle and supervisory levels of management. Thus, it is a pervasive function.
The Management Control function compares the actual performance with predetermined standards, finds out deviation and attempts to take corrective measures. Eventually, this process helps in formulation of future plans too. Thus, Management Control function helps in bringing the management cycle back to planning.
Management Control has gained immense popularity across the globe resulting in huge demand for certified professionals.
Why is Management Control important?
The significance of the Management Control function in an organisation is as follows:
• Accomplishing Organisational Goals
• Effective Implementation of Plans
• Facilitating Decision-Making
• Bringing in Coordination and Team Spirit
• Facilitating Effective Supervision
• Making Efficient Use of Resources
• Improving Employee Motivation
• Ensuring Order and Discipline
Management Control certified professionals, executives and managers are in high demand in companies across the globe.
Important Concepts for Management Control Practice Exam
- Management Basics
- Leading with Emotional Intelligence
- Monitoring and Performance Measurement
- Value Orientation
- Objectification
- Management Control Status Analysis
- Management Control Approach
Who should take the Management Control Exam?
• Business owners
• Entrepreneurs
• Innovators
• Managers and senior executives
• Anyone who wants to assess their managerial skills
• Consultants
• Students
Management Control Practice Exam Objectives
Management Control exam focuses on assessing your skills and knowledge in implementing control on your team.
Management Control Practice Exam Pre-requisite
There are no prerequisites for the Management Control exam. Candidate should be well versed in Management Control your team to clear the exam.
Management Control Certification Course Outline
1. Management Basics
1.1 Directing Others
1.2 Delegating
1.3 Developing Your Direct Reports
1.4 Confronting Difficult Employee Behavior
1.5 Managing a Diverse Team
2. Honing Management Skills
2.1 Define problems or opportunities
2.2 Conduct needs analysis, identify and prioritize requirements
2.3 Ability to distinguish relevant from irrelevant information
2.4 Collect and analyze data relevant to each situation
2.5 Analyzing and evaluating information for decision making
2.6 Anticipate cause-and-effect relationships
2.7 Techniques for business plan development, implementation and assessment
2.8 Apply problem-solving philosophies
2.9 Identify alternate processes and potential solutions
3. Leading with Emotional Intelligence
3.1 Emotional Intelligence
3.2 EQ Domains
3.3 Social Skills
3.4 Improving Perception Competencies
3.5 Emotional Maturity
3.6 Emotional Resilience
4. Monitoring and Performance Measurement
4.1 Performance Management
4.2 Monitoring
4.3 SCOR Model
4.4 The Balanced Scorecard
4.5 KPI
4.6 Financial Measures
4.7 Benchmarking
4.8 Design and Implement SOP
5. Influence Building
5.1 Influencing and Persuasion Techniques
5.2 Influence and Organizational Politics
5.3 Connect and Influence
5.4 Influencing Others as a Leader
6. Controlling
6.1 Basic Assumptions
6.2 Value Orientation
6.3 Objectification
6.4 Management Control Status Analysis
6.5 Controlling Approach
Exam Format and Information
Certification name – Management Control Certification
Exam duration – 60 minutes
Exam type - Multiple Choice Questions
Eligibility / pre-requisite - None
Exam language - English
Exam format - Online
Passing score - 25
Exam Fees - INR 1199