KRA in controlling process stands for:

Key Result Areas

The correct answer is option 3- Key Result Areas.

KRA in controlling process stands for Key Result Areas.

Key result areas (KRAs) are the most important aspects of an individual's or an organization's performance that directly contribute to achieving strategic objectives and goals. Focusing on KRAs allows for efficient and effective control and monitoring of the areas that have the most significant impact on organizational success.

Critical Point Control: It is neither economical nor easy to keep a check on each and every activity in an organisation. Control should, therefore, focus on key result areas (KRAs) which are critical to the success of an organisation. These KRAs are set as the critical points. If anything goes wrong at the critical points, the entire organisation suffers.