Management by Exception: A Decision Process.

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Abstract:

The report reviews the history and background of the management by exception concept. The concept is a valid tool in management and is often neglected by managers. The management information and control system is also a tool to be utilized by management and provides an excellent base for the management by exception concept. Once the principles of the concept have been accepted, the project manager may be able to develop more accurate and timely decisions during the decision making process. The report further indicates that the utilization of automatic data processing equipment will enhance management operations and particularly the management by exception concept.

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