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Part I Syn

The document discusses redefining the planning and budgeting process for an organization. It aims to study the existing process, identify areas for improvement, and redefine the process accordingly. The main purpose for redefining the process was to account for the launch of a new business venture. The redefined process eliminates separate capital expenditure budgeting and instead integrates it into the overall planning and budgeting cycle, which will now be ongoing rather than conducted annually. Future refinements to the process should involve surveying stakeholders to determine what should be included.

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12 views

Part I Syn

The document discusses redefining the planning and budgeting process for an organization. It aims to study the existing process, identify areas for improvement, and redefine the process accordingly. The main purpose for redefining the process was to account for the launch of a new business venture. The redefined process eliminates separate capital expenditure budgeting and instead integrates it into the overall planning and budgeting cycle, which will now be ongoing rather than conducted annually. Future refinements to the process should involve surveying stakeholders to determine what should be included.

Uploaded by

anjali_jain_37
Copyright
© Attribution Non-Commercial (BY-NC)
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
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SYNOPSIS

PART-I: REDEFIAIAC OF 1HE CSM PLAAAIAC & BUDCE1IAC PROCESS'


Introduction:
Budget provide a Iorecast oI revenues and expenditures, that is, construct a model oI how a
business might perIorm Iinancially iI certain strategies, events and plans are carried out. It
enables the actual Iinancial operation oI the business to be measured against the Iorecast.

Aim:
a) %o study and understand the existing planning and budgeting process.
b) %o identiIy the scope oI improvement in the current planning and budgeting process.
c) %o redeIine planning and budgeting process, keeping in view the scope oI
improvement.

isting v/s redefined process:
CURRNT PROCSS RIFIN PROCSS
. alI yearly Iormulation oI budget.
a. March
b. September.
. Budget is prepared Annually.
. Preparation oI CAPEX (capital
expenditure) budget.
. Elimination oI CAPEX
preparation process.

%he main purpose oI modiIying the process is the launch oI %A%A DOCOMO in June
and there was no structured budgeting process in %%. %ata DOCOMO arises out oI the %ata
Group's strategic alliance with Japanese telecom major N%% DOCOMO in November .
%ata DOCOMO has received a pan-India license to operate GSM telecom servicesand has
also been allotted spectrum in telecom Circles. %he company has rolled out GSM services
in all oI these telecom Circles in the quick span oI just over a year.



RIFIN PLANNING & BUGTING PROCSS:


Conclusion:
Budgeting process in the organisation is ongoing. %hereIore, it is expected Ior %% to
redesign its planning and budgeting process Irom time to time. %he Iuture redesign team
should conduct a survey to assess what to include in a planning and budgeting process
redesign. %he budgeting process is a management tool to help keep the company proIitable
and keep it running as smoothly as possible. .

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