How does financial management play significant role

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Discussion Post: Financial Management

Financial managing includes overall budget plans for a company. An important aspect of Financial Management involves the Office of Management and Budget (OMB), which is responsible for submitting strategic plans related to program activities, as well as yearly performance plans to line up with associated budgets (Nigro, 2007).

How does financial management play a significant role in planning for tactical and operational endeavors?

In order for organizations to effectively carry out their core mission of safeguarding the public, organizations must ensure that they have the necessary financial resources at hand. This requires the application of sound and effective financial management practices (Prof et al., 2022). The necessary financial resources ensures needs are met in disaster incidents.

Reference no: EM133671189

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