The course "IT-based Management Control" is the English version of the course "Controlling". It covers management control concepts and their applications in different management domains.
The course "IT-based Management Control" covers the design and implementation of management systems and the application of these systems in different domains (e.g. probabilistic planning and control, project control under uncertainty). After finishing the course the students should know how the archetypes of management systems are constructed and they should be able to implement correct system types also in domains that are not discussed in class (e.g. quality management, supply chain management, customer relationship management, innovation management, human resource management, project management, performance management and risk-based enterprise management).
Next to the management systems design und implementations the course covers control problems under uncertainty in an explicitly stochastic business environment. In Cost Volume Profit (CVP) management under uncertainty the future uncertainties in sales volumes and prices are taken into account in the planning and control systems. In project control under uncertainty future uncertainties of project durations and projects costs are integrated into the Earned Value Management. In the CVP-based stochastic optimal production planning the demand for the produced goods and services follows a stochastic process. After finishing the course the students should have a basic understanding of planning and control systems in stochastic business environments.
