Step 1: Understand the position of controlling.
Controlling is the final function of management, occurring after planning, organizing, and directing. It ensures that the plans are being followed and that the organization is on track to achieve its objectives.
Step 2: Evaluate the options.
- Controlling is the last function in the management process.
Step 3: Conclude.
Controlling follows all the other functions of management and ensures everything stays aligned with the goals.
Final Answer:
\[
\boxed{\text{Last}}
\]