Re-engineering Budgeting

Topics:
Strategic Management Tools
Tags:
Budget,
University Of Arizona,
Team Management,
Re-engineering,
Productivity,
Performance Management,
Management,
Human Resources,
Finance,
Corporate Law,
...
Source:
The Board of Regents of the University of Arizona

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Overview: A budget is a quantitative plan detailing out the methodology to be followed in resource acquisition, allocation, and utilization over a specified period of time. An effective budget is instrumental in controlling costs. It is a tool for performance evaluation and motivation at the workplace. There are different types of budgets depending on the type of processes they are catering to. Activity Based Budgeting (ABB) focuses on planning the various activities required to be undertaken in future projects. The paper examines the budgeting process as an important tool of management. It discusses the different types of budgets.

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Format: HTML | Size: 58KB | Date: Jan 2003 | Pages: 19

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