DEVELOP A BUDGET

Designing and developing budgets is an operations management function. Gathering, collating and interpreting the data/information for developing and communicating the budget is an information management function. Monitoring budget applications is a performance management function.

Topics covered

• Ensuring budget objectives are clear and consistent
• Cash, expenditure and revenue items are clearly defined
• Communicating budget with stakeholders
• Setting the budget time frame
• Documenting budgets
• Reporting

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