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

Earned value management is a systematic approach, Question: (a) Earned...

Question: (a) Earned Value Management is a systematic approach to the integration and measurement of cost, schedule, and technical accomplishments in a project. List the benef

Contingency planning-planning function, Contingency planning Contingenc...

Contingency planning Contingency planning is the part of the planning process that identifies alternative courses of action that an organization might follow if various differe

Processes as production systems, Processes as Production Systems A ...

Processes as Production Systems A production system refers to how an organization   organizes material flow using different process technologies. There are five major types

Explain the new performance management system, Question 1: (a) How does...

Question 1: (a) How does Training differ from Development? (b) Elaborate on the different training methods, highlighting their relative advantages and disadvantages. Ques

Explain the different service delivery gaps, Question: (a) The findings...

Question: (a) The findings of Parasuraman et al have demonstrated that there are gaps in the service delivery leading to several misunderstandings between customer expectations

Risk management techniques and project timeplan creation, I have an assignm...

I have an assignment to submit in the above mentioned topics. Please respond me as soon as possible with the required info and i will send you the assignment details after our mutu

Traditional forms of organisation, T raditional forms of organisation ...

T raditional forms of organisation Traditional forms of organisations were classified into five types based on the following differentiations. Functional differentiati

Strategy for project implementation, A strategy for project implementation ...

A strategy for project implementation Projects involving  small number  of  activities,  resources,  constraints  and inter-relationship can be visualized easily by the human m

Describe the main risks to which development projects, Question: (a) P...

Question: (a) Projects are widely known for their tendency to run late and over-budget. (i) Choose an organization of your choice and briefly describe the main risks to

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