ProjectClue.com WhatsApp or Call Us

projectclue whatsapp icon07030248044

Project Topic:

BUDGETARY PLANNING AND CONTROL AS A TOOL FOR INCREASING PRODUCTIVITY A CASE STUDY OF ANAMCO EMENU ENUGU

Project Information:

 Format: MS WORD ::   Chapters: 1-5 ::   Pages: 37 ::   Attributes: Questionnaire, Data Analysis  ::   5,621 people found this useful

Project Department:

MANAGEMENT UNDERGRADUATE PROJECT TOPICS, RESEARCH WORKS AND MATERIALS

Project Body:

ABSTRACT

This study is to find out how budgeting control and planning help to increase productivity in Anamco Emene. To gain this project work, four (4) research question. Wee formulated. A review of literature was done to ensure solid conclusion for the study. A structured questionnaire was developed and administered by the researcher to sixty two (62) staff made up of junior and senior staff of Anamco Emene Enugu.

Table analysis where data was decoded into mean and standard deviation was used for research questions.       

Based on major findings of the research, conclusions wee drown and recommendation made to elicit the problems associated with the topic under study. 

 

CHAPTER ONE

INTRODUCTION

BACKGROUND OF THE STUDY

The growing complexity of the business environment and the ever-increasing competition among firms in the modern time, make planning/budgeting an invaluable tool for business success.

Successful management is no longer just a matter of flair, skill and determination, a conscious effort is needed to harness available resources towards the achievements of enterprise objectives. Therefore budgeting is one of the tools adopted by management for effective cost planning, control and increase productivity.

In this study, we are going to find out how budget and budgetary control enhance the management of a firm to increase productivity and reduce cost of production. Additionally, since budgeting is a formal expression of managerial plans n quantitative and financial terms encompassing different phases of assisting management in attaining the organizational objective, we are going to verify some limitations of problems associated with budget and budgetary control and how to tackle them and also how the management of Anamco Nigeria Ltd has utilize budget and budgetary control to achieve the organizational objective, increase productivity and reduce cost of production. In most case, some of the problems, which they encounter, includes that there is no efficient support and involvement of all level of management in decision-making. And also the organization is not able to develop meaningful forecast and plans especially the sales plan in making sales budget.

In addition to this they are unable to educate all individuals to be involved in the budgeting process and gaining their full participation. They cannot apply the budgeting system in a flexible manner, including that some organization cannot maintain effective follow up procedure and adapting the budgeting system when ever the circumstance changes. All the above mention facts are some problems to be discussed in this study and ways of solving them, it will also be discussed including suggestions for further researches in the same topic will also be highlighted.

STATEMENT OF PROBLEM

The study entitled budget and budgetary control a tool for increasing productivity attempt to determine the way by which some organization or firm especially Anamco Ltd Emene has utilize budget and budgetary control to increase their productivity.

Some of the problems, which they encounter, are as follows;

Lack of support and involvement of all levels of management

. Inabilities to develop meaningful forecast and plans, especially the sales plan.

Inability to educate all individuals to be involved in the budgeting process and gaining their full participation.

Most organization or firms are unable to apply the budgeting system in a flexible manner.

PURPOSE/OBJECTIVE OF THE STUDY

The purposes of this study are as follows:-

To determine how lack of support and involvement of all levels       of management distort budgeting.                             

To find out how inability to develop meaningful forecast and plans especially the sales brings about or prevents increase in productivity through budgeting.

To establish how inability to educate all individual to be involve in the budgeting process and gaining their full participation brings about problem in budgeting process.

To ascertain the extent by which most organization or firm are unable to apply the budgeting system in a flexible manner.

SIGNIFICANCE OF THE STUDY

The importance or significance of this study is that most organization or firms are unable to increase their productivity through budgeting because the top managers do not support the budgeting process, therefore this study will assist all levels of management to involve and support the budgeting process. Thereby compelling the managers to plan for the future because budgeting process make management to look a head and become more effective and efficient in administering the business operations, including self evaluation and indicates the progress in attaining the objectives of the firm.

The enterprise objectives, budget goals, plans, responsibilities, and procedures for implementing plans are clearly written and communicated through the budget and this will help to improve understanding and harmony between manager and their subordinate. The above mention points or details are the importance or the significance of his study.

RESEARCH QUESTIONS

The research questions of this study are as follows:-

To what extent does lack of support and involvement of all levels of management distorts budgeting?

To what extent does inability to develop meaningful forecast and plans especially sales plan prevents increase in productivity through budgeting?

To what extent does inability to educate all individual to be involve in the budgeting process and gaining their full participation brings about problem in budgeting process?

To what extent does most organization or firms are unable to apply the budgeting system in a flexible manner?

SCOPE OF STUDY

For the purpose of this study, the researcher will restrict her to the budgetary planning and control as a tool fro increasing productivity using Anamco Emene as case study.

Also the time allowed for this research was too short considering a broad area.

DEFINITION OF TERMS

BUDGET:   According to the advanced learner dictionary of current English budget means. The money that is available to a person or an organization and a plan of how it will be spent over a period of time, usually monthly or annually.

PLANNING:        This is the power to make decisions about how the organization production.

INCREASING PRODUCTIVITY:    When wage rate depend on levels of productivity.

MANAGEMENT:          The act of running and controlling a business or similar organization.

COST: The amount of money that company need in order to buy goods or raw materials.

CAPITAL:  A large amount of money that is invested the business.

PROFIT:     The money that you make in business or by selling things especially after paying the costs involved.

 

 

Get the complete project »


Instant Share On Social Media:


Can't find what you are looking for?
Call (+234) 07030248044.

OTHER SIMILAR MANAGEMENT PROJECTS AND MATERIALS

A SURVEY OF THE MANAGEMENT PROBLEMS OF BUSINESS CENTRES IN AGWU (A STUDY OF SELECTED BUSINESS CENTRES IN AGWU LOCAL GOVERNMENT AREA)

 Format: MS WORD ::   Chapters: 1 - 5  ::   Pages: 43 ::   Attributes: Questionnaire, Data Analysis

ABSTARCT The cardinal objective of this study are to survey the management problems of Business centers in Awgu Local Government area of Enugu state. Awgu as a geographical entry is full of men and wo...Continue reading »

A SURVEY OF THE MANAGEMENT PROBLEMS OF BUSINESS CENTRES IN AGWU (A STUDY OF SELECTED BUSINESS CENTRES IN AGWU LOCAL GOVERNMENT AREA)

 Format: MS WORD ::   Chapters: 1 - 5  ::   Pages: 40 ::   Attributes: Abstract, Table Of Content, Questionnaire, Data Analysis

ABSTRACT The cardinal objective of this study are to survey the management problems of Business centers in Awgu Local Government area of Enugu state. Awgu as a geographical entry is full of men and w...Continue reading »

An Assessment of Physical Distribution in the Performance of an Organisation

 Format: MS WORD ::   Chapters: N/A ::   Pages: 58 ::   Attributes: Abstract, Table Of Content  ::   5249 engagements

ABSTRACT This project work is centered on stock control as a measure for ensuring profitability in an organisation a case study of Kaduna refinery and Petroleum chemical. It begins with the first cha...Continue reading »

AN ASSESSMENT OF RISK MANAGEMENT AND CREDIT ADMINISTRATION IN UNION BANK NIGERIA PLC

 Format: MS WORD ::   Chapters: 1-5 ::   Pages: 60 ::   Attributes: Questionnaire, Data Analysis  ::   3919 engagements

ABSTRACT The study examines risk management and Credit Administration in Union Bank Plc, Kaduna. The research questions that guided this study were: How is risk managed in Union Bank? What are the co...Continue reading »

AN ASSESSMENT OF RISK MANAGEMENT AND CREDIT ADMINISTRATION IN UNION BANK NIGERIA PLC,

 Format: MS WORD ::   Chapters: 1 - 5  ::   Pages: 55 ::   Attributes: Abstract, Table Of Content, Questionnaire, Data Analysis

ABSTRACT The study examines risk management and Credit Administration in Union Bank Plc, Kaduna. The research questions that guided this study were: How is risk managed in Union Bank? What are the co...Continue reading »

AN EXAMINATION OF THE CHALLENGES IN IMPLEMENTING TOTAL QUALITY MANAGEMENT (TQM) IN THE HOSPITALITY INDUSTRY IN CALABAR: A STUDY OF CHANNEL VIEW HOTEL, CALABAR. (BUSINESS MANAGEMENT)

 Format: MS WORD ::   Chapters: 1 - 5  ::   Pages: 90 ::   Attributes: Questionnaire, Data Analysis,Abstract  ::   5683 engagements

CHAPTER ONE INTRODUCTION 1.1 Background of the study Total Quality Management (TQM) is considered an important driving force because it has captured the attention of all sides of commerce and indus...Continue reading »

What are looking for today?

WHAT OUR CUSTOMERS ARE SAYING:
  • 1. Abubakar Sani from Nigerian Investment Promotion Commission said "I had a wonderful experience using ProjectClue, they delivered not only on time, but the content had good quality. I recommend ProjectClue for any project research work.".
    Rating: Excellent
  • 2. Ogunniran Olawale from Ekiti state university said "Projectclue is really safe and reliable Quick access to project works Nice customer service Fast delivery of request Recommend this toy fellow students ".
    Rating: Excellent
  • 3. Fahat Nasir from isa kaita college of education dutsinma said "Fish farming a solution unemployment ".
    Rating: Very Good
  • 4. Ajimbi Oluwarotimi from Theology school osun said "Good ".
    Rating: Very Good
  • 5. Clement Abdullahi Ogiji from National Open University of Nigeria said "I am a living witness and have recommended project clue to a lot of students, so far none have been disappointed, very reliable and, trustworthy and dependable".
    Rating: Excellent
  • 6. Jhuee from Sultan national high school said "Good quality. I recommend project clue for any project research work.".
    Rating: Excellent