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Strategic Management : Budget

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budget | strategic management

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Budget PowerPoint Presentation

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Budget Presentation Transcript

Slide 1 - Budget (Strategic Management)
Slide 2 - 5. Budget Bugets are single-use plans that commit ressources to activities, projects, or programms. We can distinguish three (3) types of budgets: Fixed budget Flexible budget Zero based budget
Slide 3 - Fixed budget: It establishes a fixed pool of ressources that can be used, but not exceede, in support of specified purpose. Exemple: a manager may have a 25 000 dh budget for equipment purchases in a given year.
Slide 4 - Flexible budget : It allows the allocation of ressources to vary in proportion with various level of activity. Exemple: a manager may have a buget allowance for hiring temporary workers if production exceeds a certain volume.
Slide 5 - Zero-based budget: A project or activity is budgeted as if it were brand new. All projects compete anew for available funds.
Slide 6 - Thank You