Preparation of Budget and Analysis of Variances of Real Estate Projects- In Context of Concord Real Estate and Building Products Ltd
Effective and efficient use of resources available to a company is vital for its growth and sustenance. Proper Planning is required to use the scarce resources so that the company can maximize the benefits from their uses. Control should also be there to ensure that plans actually are carried out properly to minimize the deviation from plan and maintained to achieve the goal of the organizations. An after action reviews of the old plan helps a new plan to be more accurate and focused. All these things are incorporated in a good budget. A budget is therefore very much important and crucial as it ensures proper planning and subsequent monitoring of the plan to make the best use of the resources available to a company and thus helps the company to attain its financial objectives.