Planning & Controlling

Sr.
No.
Basis of
Difference
Planning
Controlling
1.
Meaning
Planning is deciding in advance what to do, how to do, when to do it and who is to do it.
Controlling measures the deviation of actual performance from the standard performance and takes corrective actions.
2.
Objectives
The main objectives is to set goals and choosing
The main objective is to ensure that the targets must be achieved as per the plans.
3.
Area of function
It includes setting objectives Identifying alternate course of action Select the best plan
It Includes Fixation of standards, Measurement of actual performance.

4.
Factors
Internal as well as external factors are considered while setting targets.
It takes care of Internal as well as external factor for taking corrective action.
5.
Order
It is the starting point of management. Other functions depends on Planning.
It follows all other functions. It is an end function of Management Process.
6.
Nature
It is continuous in nature. Planning will never come to an end till the organization exists.
It is a process which starts once the actual target is achieved.