Implementing a management control system

Management control is an approach and a process used in many organisations, including small and medium-sized businesses and micro-enterprises. Its main purpose is to improve the effectiveness of every department while strengthening alignment between objectives and methods. It addresses current needs while preparing for future uncertainty.

A management control system analyses performance across business activities to identify productivity gains and shared strategies. It relies on quantitative data collected internally, particularly from financial accounting and cost accounting. Management control also uses dashboards to measure the gap between target objectives and actual results. Implementing such a system also provides a forecasting tool and supports decision-making.

This 3-day course explores the roles, challenges, objectives and benefits of management control. You will identify its stakeholders and the function's development prospects. Designing dashboards, measuring performance, selecting suitable indicators, structuring information systems, defining management structures and areas of responsibility, and aligning strategic and operational objectives are among the elements you will develop to implement an effective management control system.