Budjeting monitoring Essay Example | Topics and Well Written Essays - 250 words

Budjeting monitoring - Essay Example Goals and objective are imperative aspects in budget planning (Wildavsky, 1986). These assists the planners to know how much will be spend in completing the project and how much will be needed to meet these expenditures (Rhodes, 2010). Failure to identify the objectives can result to misallocation of funds. On the other hand, when a budget is set up founded on a preceding year’s numeral, it will result to misallocation of the funds (Shultz & Open Society Institute, 2005). Using a previous year’s figure will lead to allocation of an inappropriate figure that may result to over allocation or under allocation (Maddox, 1999). While budgeting for a project or program, it is essential to budget for savings too. Some funds need to be set aside to meet unanticipated expenditures. Since the Make a Way Foundation project costs more than what was budgeted, a rationing policy would have to be adopted to ensure that all expenditures fall into the available funds (Shultz & Open Society Institute, 2005). All the miscellaneous activities would be rationed to increase the available funds to fund to project. Secondly, the budget planners will need to prioritize the requests and activities of the project (Wildavsky, 1986). The less significant activities of the project can be eliminated thus reducing the project expenditure. Finally, since the planners had not considered the savings, they will have to seek for an external source of funds to finance the project till its completion (Rhodes,

Prepareabriefingnoteforacolleaguewhohasjustbeenpromotedintoaleadership Essay

Prepareabriefingnoteforacolleaguewhohasjustbeenpromotedintoaleadership positionwithinyourorganization,oranorganizationwithwhichyouarefamiliar.Thenoteshould adviseyourcolleagueonwhatlead - Essay Example Secondly, I will brief him on the leadership theories that he could adopt for the effective management of the organisation. Thirdly, I will brief him on team work that is known to be one of the most important aspects of success within contemporary organisations. Finally, I will look into the culture of the organisation and how it impacts on decision-making. There are three important organisational theories namely scientific management, classical and bureaucratic theories. The bureaucratic theory is an impersonal framework and it could have its advantages and disadvantages within the organisation (Argyris, 2012:56). Excluding emotions within the organisation could infringe on creativity among the employees and minimizes the level of conflicts and could be the best approach while dealing with official matters in the business. The second theory is scientific management. This theory mainly focuses on employee motivation within the organisation (Barkin, 2006:13). Employee motivation is viewed as one of the major contributing factors towards success within the company. This is owing to the fact that a motivated work force works hard towards achieving the entity’s goals and objectives (Owens, 2007). This theory however notes that the major aspect contributing to employee motivation is based on compensation. Money is an important motiva ting factor among employees. However, it can be noted that other factors play an important part in employee motivation as well (Owens, 2007). The last theory is the Classical theory that is the most practical for the current situation. This concept takes the idea of employee motivation into a new level (Winkler, 2010:14). This is done by taking beliefs, ideals, values as well as the need for employee satisfaction into consideration (Owens, 2007). This is because intrinsic and extrinsic factors of motivation are important in employee motivation and satisfaction. However, the theory has a major weakness in that it employs