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  • Budgeting

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    Priyanka Varma
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    The document discusses the steps for budgeting and allocating resources. Step 1 is to select the necessary resources like people, time, information, and finances required to complete the work. Step 2 is to allocate the selected resources to complete the work and objectives, which involves determining how many people and how much time, information, and finances are required to complete the manpower planning project. The document also mentions developing policies to establish standard decisions that apply to recurring issues and problems in achieving organizational objectives.

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    The document discusses the steps for budgeting and allocating resources. Step 1 is to select the necessary resources like people, time, information, and finances required to complete the work. Step 2 is to allocate the selected resources to complete the work and objectives, which involves determining how many people and how much time, information, and finances are required to complete the manpower planning project. The document also mentions developing policies to establish standard decisions that apply to recurring issues and problems in achieving organizational objectives.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as DOC, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    11 views1 page

    Budgeting

    Uploaded by

    Priyanka Varma
    The document discusses the steps for budgeting and allocating resources. Step 1 is to select the necessary resources like people, time, information, and finances required to complete the work. Step 2 is to allocate the selected resources to complete the work and objectives, which involves determining how many people and how much time, information, and finances are required to complete the manpower planning project. The document also mentions developing policies to establish standard decisions that apply to recurring issues and problems in achieving organizational objectives.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as DOC, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    of 1

    Budgeting: Allocating the Resources

    necessary to achieve the objective.


    Techniques for Budgeting
    Step 1 Select the needed Resources.
    (Select the needed resources like Man, Machine, Money, Material, and Information.
    Although normally these resources are converted into the equivalent amount of money. In
    case of manpower planning, we need to select resources required to complete the
    Manpower planning. People (Work force), time, relevant information, and finance.)

    Step 1 Allocate the Resources necessary to complete the work and


    Objective.
    Allot no of people, amount of time, relevant information, and finance to complete the
    work.

    -How much time is required to complete the manpower planning project?


    -How many people are required to complete the manpower planning project?
    -What information is required to complete the manpower planning project?
    -How much finance is required to complete the manpower planning project?

    Developing Policies: Establishing standing


    decisions that apply to recurring questions and
    problems of concern to the enterprise, or a
    component thereof, in achieving its objectives.

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