What are the processes of producing budgets, Project Management

Assignment Help:

What are the processes of producing budgets?

The process of producing budgets:

• A budget manual is formed to provide instructions, delegate responsibilities, reporting lines and communicate the timetabling and deadlines for submission of the various budgets.

• A budget committee may be prepared to coordinate and administrate the process of making the various budgets. Budget committees assist centrally control  the  process  of  budgets  being  created,  they  will  communicate  along with other  departments  to  coordinate  and  consolidate  the  production  of  various budgets to be prepared.

• A budget officer or accountant will frequently be appointed to help the budget committee.


Related Discussions:- What are the processes of producing budgets

What is the important role of Controlling in the management, What is the im...

What is the important role of Controlling in the management? Controlling: Controlling is described as which managerial function that seeks to make sure an absolute c

Project risk profile owners, Project risk profile owners  Project risk ...

Project risk profile owners  Project risk profile owners must make sure that they deal with each and every risk of the project. The responsibilities of the project risk owners

Elements of craft, Elements of CRAFT It reads the load summary (the nu...

Elements of CRAFT It reads the load summary (the number of loads carried between pairs of department), the costs for per unit load per unit distance for the handling of materi

Why is project monitoring important, Question: (a) Why is project monit...

Question: (a) Why is project monitoring important? (b) Outline the aspects you would check in a project monitoring meeting? (c) What corrective actions can be taken in th

How does trevor young define project control, Question: The idea of Pro...

Question: The idea of Project Execution and Control is to develop the product or service that the project was commissioned to deliver, utilizing all the plans , schedules , pr

Operating characteristic curve, O perating characteristic curve The op...

O perating characteristic curve The operating characteristic curve for a sampling plan quantifies the risks. The OC curve for an attribute plan is a graph of the percentage de

What are the examples of conformance management systems, What are the examp...

What are the examples of conformance management systems? Examples of conformance management systems: a. Staff training b. Specific instructions communicated c. Ordinar

What are the disadvantages of critical path analysis, What are the disadvan...

What are the disadvantages of critical path analysis? Disadvantages of critical path analysis (CPA): a. Supposes a trade off among time and money but most staff cost coul

Family planning research center of nigeria, 1. Some of the tasks in this pr...

1. Some of the tasks in this project can be done in parallel. Prepare a diagram showing the required networks of tasks and define the ciritical path. What is the length of the proj

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd