Planning and budgeting are essential for management control. Effective planning and budgeting require looking at the organization as a system and understanding the relationship among its components.
Planning consists of developing the objectives (the work required to achieve the organization's goals), timetables, and performance standards needed to implement the organization's strategy and assigning individual accountability for results.
Budgeting involves identifying, prioritizing, acquiring, and allocating the resources needed to carry out the plan.
We assist executives establish a formal planning, budgeting, and performance measurement process and create a time phased performance measurement baseline integrating operating, financial, and investment activities.
We build customized, interactive organizational models that integrate planning, budgeting, and performance measurement and instruct and coach clients how to use these models.
To find out more about SMAR Outsourcing Solutions Planning and Budgeting process setting Service, please contact our adviser.