Functional organization

The end of the project organization spectrum is the functional project. Its theme is housing the project within a functional division. In this form of organization, all activities of the enterprise are grouped and divided according to functions like production, Read More …

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Limitations of Budgetary Control:

1. Uncertain Future: The budgets are prepared for the future period. Despite best estimates made for the future, the predictions may not always come true. The future is always uncertain and the situation which is presumed to prevail in future Read More …

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Advantages of budgetary control

1. Maximization of Profits: The budgetary control aims at the maximization of profits of the enterprise. To achieve this aim, a proper planning and co-ordination of different functions is undertaken. There is a proper control over various capital and revenue Read More …

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Objectives of budgetary control

1. To ensure planning for future by setting up various budgets, the requirements and expected performance of the enterprise are anticipated. 3. To operate various cost centres and departments with efficiency and economy. 4. Elimination of wastes and increase in Read More …

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