Analysis of the Article “Turning Budgeting Pain Into Budgeting Gain”

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Analysis of the article “Turning Budgeting Pain into Budgeting Gain”

John Orlando’s article turning “Budgeting Pain in to Budgeting Gain”, illustrates various issues, pros and cons, inefficiency of tools used for budgeting process. There are advantages like streaming the budgeting process by various steps involved and channeling them by assigning tasks to various personnel to achieve the desired goals. So the issue is not the lack of knowledge how to reach out the desired result, but how to use properly to achieve them. The disadvantages are found in the inadequacy of technology used in the tools and how to modify them to progress the process of budgeting. Orlando states that due to shortage in the accuracy of tools used, the budgeting process is ineffective. The author shows three things that portrays the issues of inefficiency in the budgeting process. They are 1. People Problems 2. Tools Troubles and 3. Process Pain
The people that helps or responsible for the proper flow of budgeting are managers. The CEO’s and CFO’s have a higher task in the flow of budgeting process. They try not to take the responsibility because of the inefficient tools and lack of expertise in it. Another reason is the change in priorities and “what if” analysis in the process which change the course of achieving goals. Improper communication and planning lead to change in priorities. The managers get frustrated in starting over the budgeting process again and the extra tasks involved in due to the inefficient tools. The inefficiency of tools and availability of multiple tools cause the managers frustrated and perplexed.
The process used by the managers creates another issue in budgeting. The mangers should sit and discuss and for allocate the small tasks to proper people to execute the process at the right time. They should control the flow of process at any time which…...

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