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Managing uncertainty through monitoring and control

In this course you'll learn about the importance of strategic monitoring and control systems and why they are fundamental to effective strategy implementation. There are many different examples of monitoring and control, but in this course we will be discussing them in the context of management. There are also many aspects to the role of a manager. At times they are motivators, coordinators, controllers or investigators. They are always responsible for creating some output from the available resources. They must have plans or systems that will take inputs and process them into outputs. Systems and processes are never perfect, so managers have to monitor them and when things go wrong or circumstances change, they need to make adjustments.

Standalone study only

You will not be awarded credits for studying this course. It is available for standalone study only and cannot be counted towards an OU qualification.

Short course

Short course code

BGXS013

Credits

This is a non-credit bearing course.

Study method

Short course cost

Entry requirements

What you will study

This course is intended to help you to monitor and control systems and processes in your role. The course comprises four units:

Unit 1: The control loop
We will begin by strengthening the manager’s position by focusing on that element of control − notably, the control loop, what its functions are and how this applies to management.

Unit 2: Process control
This unit applies the concept of the control loop to production processes. In particular, it looks at how an understanding of the natural variation in the performance of any process helps a manager to have insight on when to act on the monitoring information and when to leave the process alone.

Unit 3: Cost control
This unit looks at some of the common approaches to cost control that fit with the control loop concept.

Unit 4: Control of organisations
The final unit looks at the idea of corporate governance and how organisations are managed. You'll also look at internal controls – the instructions, regulations and checks used to make sure the right things are done and mistakes do not happen.

All the information you need to complete the course is provided within each unit. There are also links to material and resources provided, to explore topics further as you wish.

You will learn

By the end of the course you will be able to:

  • apply the control loop to monitor and control activities in your role
  • use tools for planning projects, controlling processes and budgets
  • explain the concept of variation in processes
  • know how to approach a budget control report
  • understand the reasons why controls fail and use this to design better internal controls.

Learner support

This course was designed to be independently studied with no tutor support. StudentHome is a dedicated website that provides general study support and there is a computing helpdesk. 

Teaching and assessment

Assessment

There an end-of-course quiz to test your knowledge and understanding. Once completed and successfully passed you will receive a digital badge and a course completion certificate which you can download as a record of your learning.

Regulations

As a student of The Open University, you should be aware of the content of the academic regulations, which are available on our Student Policies and Regulations website.


Entry requirements

There are no formal academic requirements.

If you have any doubt about the suitability of the course, please contact us.

Course length

The course will require around 10 hours to complete.

You can begin at any time during the life of the course and study at your own pace.

Register

Start End England fee Register
At anytime before registration end date Oct 2024 - see Entry requirements for more detail £150.00

Registration closes 30/04/2024

Register

Ways to pay

Credit/Debit Card – We accept American Express, Mastercard, Visa and Visa Electron.

Sponsorship – If this course is geared towards your job or developing your career, you could ask your employer to sponsor you by paying some or all of the fees. Your sponsor just needs to complete a simple form to confirm how much they will be paying and we will invoice them.

The fee information provided here is valid for short courses starting in the 2023/24 academic year. Fees normally increase annually. For further information about the University's fee policy, visit our Fee Rules.

Can you study an Access module for free?

In order to qualify, you must:

  1. be resident in England
  2. have a personal income of less than £25,000 (or receive qualifying benefits)
  3. have not completed one year or more on any full-time undergraduate programme at FHEQ level 4 or above, or completed 30 credits or more of OU study

How to apply to study an Access module for free

Once you've started the registration process, either online or over the phone, we'll contact you about your payment options. This will include instructions on how you can apply to study for free if you are eligible.

If you're unsure if you meet the criteria to study for free, you can check with one of our friendly advisers on +44 (0)300 303 0069 or you can request a call back.

Not eligible to study for free?

Don't worry! We offer a choice of flexible ways to help spread the cost of your Access module. The most popular options include:

  • monthly payments through OUSBA
  • part-time tuition fee loan (you'll need to be registered on a qualification for this option)

To explore all the options available to you, visit Fees and Funding.

What's included

All learning materials, exercises, study support and end of course quiz are delivered entirely online. 

Computing requirements

You'll need broadband internet access and a desktop or laptop computer with an up-to-date version of Windows (10 or 11), or macOS (Monterey or higher.

Functionality may be limited on mobile devices. For example, voice recorder activities, which are common in language short courses, may not work on iOS/Apple devices.

Our module websites comply with web standards and any modern browser is suitable for most activities.

Our OU Study mobile App will operate on all current, supported versions of Android and iOS. It's not available on Kindle.

It's also possible to access some module materials on a mobile phone, tablet device or Chromebook. However, as you may be asked to install additional software or use certain applications, you'll also require a desktop or laptop as described above.

If you have a disability

The course is delivered online and makes use of a variety of online resources. If you use specialist hardware or software to assist you in using a computer or the internet you are advised to contact us about support which can be given to meet your needs.

The OU strives to make all aspects of study accessible to everyone and this Accessibility Statement outlines what studying BGXS013 involves. You should use this information to inform your study preparations and any discussions with us about how we can meet your needs.