Question: Budget acts as planning and monitoring tools. Critically evaluate. A budget is a financial plan for the future concerning the revenues and costs of a business. However‚ a budget is about much more than just financial numbers. Without a budget‚ the business owner is literally shooting in the dark when it comes to trying to plan expenditures for the business and match them to sales revenue. Budget is not only a plan of action for a business; it is also a tool for monitoring performance
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A Gantt chart is a type of bar chart‚ developed by Henry Gantt in the 1910s‚ that illustrates a project schedule. Gantt charts illustrate the start and finish dates of the terminal elements and summary elements of a project. Terminal elements and summary elements comprise the work breakdown structure of the project. Some Gantt charts also show the dependency (i.e. precedence network) relationships between activities. Gantt charts can be used to show current schedule status using percent-complete
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History of Indian Budget India’s first Finance Minister Sir R.K. Shanmugham Chetty‚ presented the first Finance Budget of independent India on November 26‚ 1947. Since then‚ 28 differentUnion Finance Ministers have been presenting the budget year after year. Initially‚ major attention was paid towards the agriculture sector but as the economy evolved‚ the focus shifted from agriculture to other sectors like industrial‚ financial etc. During the early the fifties‚ Indian budget highlights revolved
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Run Charts: Run Charts is a tool for tracking results over a period of time. This can aid in identifying trends or other patterns that may be occurring. Advantages of run charts are ease of construction and interpretation. For this case study‚ we came out with seven run charts according to their segments. From this run charts‚ it is easy for the Tip Top Markets to identify numbers of complaints made by their customers. Furthermore Tip Top Markets can clearly see either the complaints
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FLOW CHART A flowchart is a type of diagram that represents an algorithm or process‚ showing the steps as boxes of various kinds‚ and their order by connecting them with arrows. This diagrammatic representation illustrates a solution to a given problem. Process operations are represented in these boxes‚ and arrows; rather‚ they are implied by the sequencing of operations. Flowcharts are used in analyzing‚ designing‚ documenting or managing a process or program in various fields. Symbol | Name
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The Capital Budget Instructor: Dr. Joseph McCue Public Budgeting and Finance - PAD 505 August 11‚ 2013 The Oklahoma City budget includes the addition of 40 new police officer positions‚ bringing the total number of uniform police positions to 1‚116. Eleven more positions were added in other City departments. Total City positions will increase 1.1 percent to 4‚580. The budget also includes an additional $1 million for METRO Transit bus service enhancements. The City hired
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White Paper Multiple Activity Charts Multiple Activity Charts (or Multi-Activity Charts) are a very useful tool for understanding the flow of work in a cyclical process and as a consequence understanding which resource is controlling the overall progress of the work. The tool can be used to model different scenarios to determine the optimum mix of resources for the work. The example below is based on using a tower crane to lift concrete from the street to a high floor for placing. Each resource
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Giant chart What is a Gantt chart? A Gantt chart is a bar chart used to illustrate a project schedule‚ including start and finish dates of activities and a summary of activities of a project. These activities form what is usually called the work breakdown structure of a specific construction project. Gantt charts serve as an excellent tool to show updated schedule status using actual complete shadings and vertical line representing the actual date. Gantt charts sometimes are prepared showing precedence
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University of Phoenix Material Employment Laws Chart Complete the chart below using information from the weekly readings and additional research if necessary. Employment Law Description and Requirement of Law Court Case Influential to Establishment of Law Importance of Law Workplace Application Civil Rights Act of 1964 “Prohibits discrimination in all employment decisions on basis of race‚ religion‚ ethnicity‚ sex‚ and national origin.” (DeCenzo‚ Robbins‚ & Verhulst
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Determination Everyone has experienced at least one difficult moment in their lives. Some people may have experienced many throughout their lives. Despite the struggles‚ it has not stopped many individuals from achieving their goals. Determination plays a key factor in overcoming significant odds by guiding individuals to overcome physical and socials obstacles when achieving their dream. Social obstacles are difficult challenges people are trying to raise and fight to benefit other people. A very great example
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