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
STOOL ANALYSIS FOR PARASITIC WORMS (ENTERIC WORM) AMONG PRIMARY SCHOOL PUPILS
ABSTRACT
Stools from primary School pupils in Asata Enugu were analysed for parasitic worms. The...
A CRITICAL EXAMINATION OF COLLECTIVE BARGAINING AND ITS ROLE IN LABOUR RELATIONS IN NIGERIA
ABSTRACT
Just as it is common for conflicts to arise in every human relationship, the relationship between an employer and an employee is...
PROBLEMS AND SOLUTIONS OF PROPERTY MANAGEMENT IN NIGERIA
Abstract
Property management is a vital aspect of real estate profession. To a non-professional estate...
BENEFITS OF EARLY CHILDHOOD EDUCATION IN FOSTERING APPRECIATION FOR DIFFERENT CUISINES
ABSTRACT: This study examines the benefits of early childhood education in fostering appreciation for different cuisines among young children....
THE IMPACT OF HUMAN RESOURCES MANAGEMENT ON PRODUCTIVITY OF AN ORGANIZATION
ABSTRACT
This study examines The Impact of Human Resources Management on Productivity of an Organization (A case study N...
EFFECT OF WORKPLACE FLEXIBILITY ON EMPLOYEE ENGAGEMENT (A STUDY OF GATEWAY ICT POLYTECHNIC SAAPADE)
Background of the Study
The notion of workplace flexibility has garnered considerable attention in rece...
AN EVALUATION OF INDEPENDENT NATIONAL ELECTORAL COMMISSION (INEC AND IT’S ROLE IN GENERAL ELECTION)
Abstract
This study evaluate the role of Independent National Electoral Commission (INEC) in general elections in Niger...
FACTORS RESPONSIBLE FOR CHILD ABUSE AND NEGLECT AMONG PARENTS
BACKGROUND OF THE STUDY
Ika South is a Local Government Area of Delta State, Nigeria. Its headquarters...
THE ROLE OF PROFESSIONALS IN MARKETING LIBRARY PRODUCTS IN ACADEMIC LIBRARIES IN RIVERS STATE
ABSTRACT
The aim of this study is to examine the role of professionals in marketing library products in academic...
ASSESSMENT OF A SPINAL CORD INJURY IN ROAD TRAFFIC ACCIDENT BY PARAMEDICS (A CASE STUDY OF FMC ABEOKUTA)
ABSTRACT
This study was carried out on assessment of a spinal cord injury in road traffic accident by p...
