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Briefly explain the budgeting process

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Reference no: EM133176684

Question -

1. What is an operational plan? How does it benefit a business by having one?

2. Briefly explain the budgeting process.

3. Why is it important to consult colleagues, stakeholders, and specialist personnel?

4. How would you present a plan to stakeholders to gain approval?

5. Once you have implemented a plan how can that plans budget be monitored?

6. What is a status report and why are they necessary?

7. What is a contingency plan?

8. Give examples of KPIs in a plan.

9. How does legislation impact plans?

10. What factors do you need to ensure are in the recruitment strategy for the business?

Reference no: EM133176684

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