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How are project classifications used in the capital budgeting process?

Like any other optimizing process, project classification seeks to identify most important parts of the budgeting process and give them highest priority, and to give a lower level priority parts attention they need.


How do you prioritize targets and set timescales at work?

It is important to prioritise targets and set timescales in order to effectively manage your workload. By prioritising your workload you will be able to identify which tasks/jobs have to be carried out first as they will be either more important or urgent than the others. If you set timescales for your workload then you will be able to see if you are spending too much time on a certain area rather than moving on to other more pressing matters.


Why is there a need of effective correlation between budgeting and planning?

There is a need for correlating budgeting with planning because without a budget the plan could not be put into reality.


How do you prioritize targets and set timescales?

How to prioritise targets and set timescales


How can you explain the purpose and benefits of agreeing quality measures and timescales with a team?

The purpose of agreeing quality measures and timescales with a team is to have a goal for that team. The benefit is the team has a goal to shoot for. They know the basic time frame they need to meet and how they need to meet it.


How do you set and meet quality standards and timescales with internal customers?

You could set out timescales by making set tables to get the quality of timescales at standard You could set out timescales by making set tables to get the quality of timescales at standard


Identify two factors you should consider when budgeting to repair and replace em equipment and supplies?

service-life expiration unserviceable condition


Identify two factors that you should consider when budgeting to repair and replace EM equipment and supplies?

Unserviceable condition and service-life expiration


What does the process of budgeting encompass?

what does the process of budgeting encompass? what does the process of budgeting encompass?


How does the budgeting process of an organization benefit a functioning standard cost system?

You need to go through the budgeting process. This will ensure that you know how much is being spent and where it is being spent.


What is rational budgeting?

budgeting that's rational


What is the definition of 'Marketing Budgeting'?

marketing budgeting