0704-883-0675     |      dataprojectng@gmail.com

THE INFLUENCE OF BUDGET FORECASTING ON BUSINESS PLANNING

  • Project Research
  • 1-5 Chapters
  • Quantitative
  • Simple Percentage
  • Abstract : Available
  • Table of Content: Available
  • Reference Style: Available
  • Recommended for : Student Researchers
  • NGN 3000

THE INFLUENCE OF BUDGET FORECASTING ON BUSINESS PLANNING

This study aims to: (1) analyze the impact of budget forecasting on business planning, (2) identify the key benefits of accurate budget forecasting, and (3) evaluate the challenges associated with budget forecasting. A survey design was employed to gather data from financial planners and business strategists. Using Taro Yamane's formula, a sample size of 380 participants from retail firms in Enugu was determined, ensuring comprehensive insights. The retail sector was chosen for its dynamic business environment and need for accurate forecasting. The reliability coefficient score of the survey was 0.87. Findings reveal that accurate budget forecasting significantly enhances business planning by providing reliable financial projections, aiding in strategic decision-making and resource allocation. Recommendations include investing in advanced forecasting tools, providing training on accurate forecasting techniques, and continuously reviewing and adjusting forecasts to align with business plans.





Related Project Materials

THE IMPACT OF EARLY CHILDHOOD EDUCATION ON PEER RELATIONSHIPS

ABSTRACT: This study examines the impact of early childhood education (ECE) on...

Read more
DEVELOPMENT OF A DISTRIBUTED BIG DATA FUSION ARCHITECTURE FOR MACHINE-TO-MACHINE COMMUNICATION USING ENSEMBLE LEARNING

ABSTRACT

This research developed a distributed big data fusion architecture for machine to machine communication using ensemble learning....

Read more
MISMANAGEMENT IN FINANCIAL INSTITUTION (BANK) EFFECT AND SOLUTION

STATEMENT OF THE PROBLEM

The master key to the success of any institution (financial and non – fi...

Read more
IMPACT OF HEALTH EDUCATION ON ADULT WELL-BEING

Abstract: The impact of health education on adult well-being is a crucial topic, particularly in areas with limited access to healthcare informatio...

Read more
SOME NEUROPHARMACOLOGICAL PROPERTIES OF METHANOLIC STEM BARK EXTRACT OF FICUS INGENS (MIQUEL) MIQUEL IN MICE AND CHICKS

ABSTRACT

Ficus ingens (Miquel) Miquel belongs to the Moraceae family. In some African countries, extracts of the bark are administered to...

Read more
INFLUENCE OF PEER PRESSURE AND TIME MANAGEMENT ON ACADEMIC PERFORMANCE OF IN-SCHOOL ADOLESCENTS IN OREDO LOCAL GOVERNMENT AREA, BENIN CITY

BACKGROUND OF THE STUDY

As children grow and develop, profound physical changes occur. These changes us...

Read more
ARTIFICIAL NEURAL NETWORK BASED PREDICTION AND COOLING ENRGY OPTIMIZATION OF DATA CENTERS

ABSTRACT

Thermal management of data centers remains a challenge because of their everincreasing power densities and decreasing server foo...

Read more
GOVERNMENT EXPENDITURE AND ECONOMIC GROWTH IN NIGERIA (1981 - 2015)

ABSTRACT

This study examined government expenditure and Nigeria’s economic growth within the samp...

Read more
ADDRESSING SUSTAINABILITY CHALLENGES IN VOCATIONAL TRAINING FACILITIES

Abstract: This study addresses sustainability challenges in vocational training facilities...

Read more
IMPACT OF MANAGEMENT INFORMATION SYSTEM (MIS) ON THE INSURANCE INDUSTRY IN NIGERIA

Abstract

Management Information systems have become an integral part of every corporate organization, e...

Read more
Share this page with your friends




whatsapp