Budgetary Control as an Effective Management of Organisational Resources

Description

– Budgetary Control as an Effective Management of Organisational Resources –

Download Budgetary Control as an Effective Management of Organisational Resources. Business Administration students who are writing their projects can get this material to aid their research work.

Abstract

This research work was basically carried out to examine the application of budgetary control as a tool for the effective management of organizational resources.

The research aims at highlighting the benefits of budgetary control  and at justifying its application as a tool in the efficient management of organizational resources.

Relevant literatures relating to the subject of study were reviewed and relevant interview questions asked.

The answers to the questions provided the data that enabled the researcher make some discoveries and recommendations to the Management of NITEL in particular and other organizations in general.

Introduction

Every organization has limited economic resources at its disposal, as a result of which the numeric demands on them cannot all be met.

There are various reasons, why businesses are set up; some of which may include; maximizing the entrepreneur’s wealth, to make profit and also to remain in business.

In order to achieve the set goal of an organization, it is pertinent that the management of such organization follows some laid down rules and pay surveillance over the operations of the organization.

This is vital in ensuring profit maximization and also ensuring that expenses are well controlled and tailored towards achieving the set goal.

Management must therefore ensure that resources allocated to areas of need are judiciously used to avoid extravagancy, enhance profitability and also enhance efficiency and effectiveness.

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