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Management control as an interdisciplinary subject. A management control system (MCS) is a system which gathers and uses information to evaluate the performance of different organizational resources like human, physical, financial and also the organization as a whole in light of the organizational strategies pursued.
The primary requirement of a control system is that it maintains the level and kind of output necessary to achieve the system's objectives. [5] It is usually impractical to control every feature and condition associated with the system's output. Therefore, the choice of the controlled item (and appropriate information about it) is extremely ...
Output controllability is the related notion for the output of the system (denoted y in the previous equations); the output controllability describes the ability of an external input to move the output from any initial condition to any final condition in a finite time interval. It is not necessary that there is any relationship between state ...
The control system compares the value or status of the process variable (PV) being controlled with the desired value or setpoint (SP), and applies the difference as a control signal to bring the process variable output of the plant to the same value as the setpoint.
Information technology controls (or IT controls) are specific activities performed by persons or systems to ensure that computer systems operate in a way that minimises risk. They are a subset of an organisation's internal control. IT control objectives typically relate to assuring the confidentiality, integrity, and availability of data and ...
The definition of a closed loop control system according to the British Standards Institution is "a control system possessing monitoring feedback, the deviation signal formed as a result of this feedback being used to control the action of a final control element in such a way as to tend to reduce the deviation to zero." [4]
The usual objective of control theory is to control a system, often called the plant, so its output follows a desired control signal, called the reference, which may be a fixed or changing value. To do this a controller is designed, which monitors the output and compares it with the reference.
A control loop is the fundamental building block of control systems in general and industrial control systems in particular. It consists of the process sensor, the controller function, and the final control element (FCE) which controls the process necessary to automatically adjust the value of a measured process variable (PV) to equal the value of a desired set-point (SP).