Controlling refers to the function of management that involves evaluating, assessing and monitoring the progress of the work done.
Importance of Controlling:
(i) Accomplishing organisational goals: Controlling indicates the deviations in performance and takes the required corrective measures. In this way, it helps in accomplishing organisational goals in a better manner.
(ii) Evaluating the standards: It helps in assessing and reviewing the accuracy and feasibility of the set standards according to the changing business environment.
(iii) Optimum utilisation of resources: Controlling ensures that each task is performed as per the set standards, thereby helping in minimising the wastage of resources.