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Explain about the budgeting process in risk management.
The budgeting process:
A budget is a quantified or forecast plan of action. A quantified financial plan of action that itemises a projects income and expenditure assigned for example a list of all planned expenses and income. Budgetary planning makes a budget like part of the planning process for the project. It control compares the budgeted outcomes as a ‘yardstick’ or target, within comparison to real results, so as to quantify any variances or deviations through the project plan. Such process at regular intervals during a project can be used to get control action and bring real results in line along with the plans.
Flexible Manufacturing System FMS (Flexible manufacturing system) is a computer controlled system. It consists of several stations each geared to different operations. Work st
using the operating cycle and any other financial management knowledge,discuss the applicabilty of such cycle to poultry
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2JN is a large manufacturing organisation which is structured with a number of supervisors every responsible for their own work production unit. Supervisors report to a team of sen
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