AN APPRAISAL OF BUDGETING AS A TOOL FOR EFFECTIVE CONTROL IN THE PUBLIC SECTOR OF NIGERIA
Need help with a related project topic or New topic? Send Us Your Topic
DOWNLOAD THE COMPLETE PROJECT MATERIAL
AN APPRAISAL OF BUDGETING AS A TOOL FOR EFFECTIVE CONTROL IN THE PUBLIC SECTOR OF NIGERIA
Chapter One: Introduction (1.0)
Increasing competition is constantly forcing organisations to adopt more efficient methods and smaller margins. Highly capitalised industries must ensure that their resources are employed most efficiently.
At the same time, firms must adapt to quickly changing client demands and supply chain dynamics. The key to attaining operational excellence is effective and adaptable resource management, which includes optimising and scheduling people, processes, vehicles, equipment, and materials to maximise utilisation while meeting corporate objectives.
Rowden (1995) defines resource management as the practice of utilising a company’s resources in the most effective manner feasible. These resources can be real (goods and equipment), financial (money), or labour (employees).
Resource management can involve notions such as ensuring that there are enough physical resources for one’s business but not an oversupply so that items are not used, or ensuring that people are given to jobs that will keep them busy and prevent them from having too much free time.
Human resources have a significant role in determining an organization’s wealth. Human effort is an invaluable resource for every organization’s production, efficiency, and effectiveness.
This capacity building, establishing and sustaining well-trained, competent, experienced, and quality human resources to carry out the organization’s diverse tasks, becomes an important concern.
Need help with a related project topic or New topic? Send Us Your Topic