AbstractA time series modelling approach is suggested to analyze the set of performance deviations which are generated by the institution's control system. The purpose of the time series analysis is to provide decision makers with information regarding the structure underlying the set of performance deviations. This structural analysis is intended to facilitate the selection and implementation of appropriate control actions. The basic control system's elements needed to generate information amenable to a time series analysis are specified. A simple case is presented to illustrate the time series method suggested.