This paper stresses that the art of forecasting for the future has always been a human attribute as human beings are thinking individually. In essence, a project can easily be captured on the paper with a few elements i.e. the commencement date, termination date, the tasks that must be undertaken and when should they be finished bas well as some ideas of resources which will be required during the course of the project.
This essay makes a conclusion that control is therefore, referred to a device mechanism that is used to guide or regulate the operation of the system. All organizations including sugar firms use controls to regulate their individual business processes which include finance, production and distribution. This control helps the organization to correct and restrain a typical behavior, reduce and prevent the spread of errors. Control is described as solitary of the four fundamental functions of the management that includes planning, organizing and coordinating Merchant and Kenneth (2011). It is used to evaluate performance and monitor progress of the entire business. Controls are implemented through technology, internal controls, culture and social structure. It is the corporate structure that establishes appropriate internal process management and financial control. In addition, board of directors of the company has to set out corporate governance guidelines so as provide framework in order for management as well as the board to operate efficiently and effective together to achieve the stated company objective. ...Show more