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A budget is a plan about how to spend money. There are also plans about many other things, such as plans to entertain yourself for the evening, plans for self improvement, plans to invade other countries, and so forth. It could be argued that all these other plans also involve spending money, but that is not necessarily the case (my entertainment for the evening could involve reading a book that I already own or that I borrowed from the library at no cost to myself) and even if my plans do involve spending money, it matters whether the main purpose of the plan is to figure out how best to spend my money (in which case the plan is a budget) or whether the main purpose of the plan is something else (in which case it isn't a budget).
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What do tactical strategic and operational plan have in common?
all of them are plans to achieve the business goal.
What are the three types of components to the project management plan?
The project management plan process covers all activities that identify and direct the actions of many other processes in the planning process group. Developing the project management plan includes coordinating the development of the subsidiary plans and incorporating them into the complete project plan. The main purpose of the project management plan is to define how the project is to progress from its beginning to completion. In short, the project management plan provides the high-level game plan for how the project moves through its lifecycle. PMI defines many potential subsidiary plans that make up the overall project management plan. These subsidiary plans provide the specific details for managing each aspect of the project from initiation through closure. The subsidiary project management plans could include • Project scope management plan • Requirements management plan • Schedule management plan • Cost management plan • Quality management plan • Process improvement plan • Human resource plan • Communication management plan • Risk management plan • Procurement management plan
What is a production plan?
Production plans and work schedules are important planning tools in batch and mass production. The production plan should set out information about all the stages of production, so that every product is made to the same quality.
Can you explain the difference between the Scope Management Plan and the Project Management Plan?
The Project Management Plan tells you how to manage all of the different knowledge areas, and it has baselines for the scope, schedule and budget. The Scope Management Plan is one of the subsidiary plans inside the project management plan. It has really specific procedures for managing scope. For example, it tells us which stakeholders we need to talk to when gathering requirements. It lists what tools and techniques we are planning to use when we use the Scope Definition to define the scope. And when there's an inevitable change because even the best project manager can't prevent every change, it gives him procedures for doing Scope Management. So even though the Scope Management Plan is created in the Develop Project Management Plan process, it's used throughout all of the Scope Management processes.
What are the Crucial elements of a good project plan?
The project management plan process covers all activities that identify and direct the actions of many other processes in the planning process group. Developing the project management plan includes coordinating the development of the subsidiary plans and incorporating them into the complete project plan. The main purpose of the project management plan is to define how the project is to progress from its beginning to completion. In short, the project management plan provides the high-level game plan for how the project moves through its lifecycle. PMI defines many potential subsidiary plans that make up the overall project management plan. These subsidiary plans provide the specific details for managing each aspect of the project from initiation through closure. The subsidiary project management plans could include • Project scope management plan • Requirements management plan • Schedule management plan • Cost management plan • Quality management plan • Process improvement plan • Human resource plan • Communication management plan • Risk management plan • Procurement management plan One of the more common mistakes inexperienced project managers make is to confuse a project plan with a project schedule. The output from many common project management software packages do not qualify as a project plan. They are a good start, but a true project plan is made up of much more information than just scheduling information. This process requires a focused effort to create a plan that incorporates all known information about a project.
Budget manual should be compiled after all budgets have been set.true or false?
Budget manual should be compiled after all budgets have been set.it is false
All budgets depend on the sales budget?
Yes, all budgets depend on sales budgets because budgets can't exceed the amount of available money. When sales are poor, the budgets will be smaller.
How are budget used in controlling operations?
First, the budget should be derived to support the strategy and business plans of the organization. If everyone meets budget on every account then the plans will be successful and all goals will be met. Thus properly prepared and coordinated budgets provide an important coordinating tool for any organization. Second, budget versus actual reporting provides early indications if actual operations are not going as planned. This provides an opportunity for management to get things back on track or coordinate changes to the plan.
What is the Advantages of fixed budgets?
fixed budget is the budget whose all estimation is not changed after making this type of budget for more knowledge of budget == == == == == ==
Explain budget and how budget corporate objective and long term plans are related?
budget is a money where you will not spend all your budget so that you have longer terms of it or plans.
Advantage of sales budget?
The sales budget is the most important budget, because it drives all of the other budgets (production, labor, manufacturing, cash).
How many presidents have never passed a budget?
All. Presidents do not pass budgets. Congress does.
What is the significance of sales budget in an enterprise?
Sales budget is the starting point of budgeting process because it provides the all important figure of budgeted sales data for production budgets and for all other budgeted financial statements.
Is the budgeted income statement prepared before the sales budget?
Budgeted income statement is prepared at the last after preparing all other budgets and sales budget is the starting point of budgeting process.
What does a sampling plan have?
sampling plans have nothing it is all a troll...
What does a budget look like?
A budget is usually a set of money put aside that is a limit for weekly, monthly, or yearly spending. Most budgets include all necessary expenses and a small miscellaneous fund.
What are the data plans available for Virgin mobile?
Although minute usage does differ from plan to plan data plans are essentially the same no matter which talk plan is chosen. All Virgin mobile talk plans include unlimited data.
