Describe the techniques used by facilites managers to manage capital and revenue budgets

Describe the techniques used by facilities managers to manage capital and revenue budgets
Solution:
In today’s world planning is one of the most important thing which is needed by the
organization to stay ahead. The organization focuses on setting up the goals which rests on the
profitability and growth of the organization. So as to achieve the set goals and targets the
organization needs to focus on strategic planning. The management focuses on executing and
implementing strategic planning on a continuous basis so as to achieve competitive advantage
and the set goals and targets of the organization.
Budget is one of the most important aspects of planning. It can be termed as a detailed
plan which is expressed in quantitative terms and focuses on estimating the acquisition and
utilization of different resources during a particular period of time. Budgeting can be said as the
process which focuses on developing different budgets. It can be said to be an aid to the...