Donnelly Clare, Foley Bob. Budgeting for Better Performance

ILM Level 3 Introductory Certificate. — 4th edition. — Oxford: Institute of Leadership & Management, 2003. — 119 p. — ISBN: 0-7506-5880-0This workbook addresses the issues of Budgeting for Better Performance.This workbook relates to the following learning outcomes in segments from the Ilm level 3 Introductory Certificate in First Line Management and the Level 3 Certificate in First Line Management.
C6.1 Performance Indicators
Identify means by which performance levels can be measured
Monitor performance against agreed targets
Make recommendations for improvement in performance or
the adjustment to more realistic targets
C6.2 Working to a Budget
Explain the importance of operating within a budget
Monitor performance against budgetWhen you have completed this workbook you will be better able to:
describe what a budget is;
understand how budgets are used;
use some budgetary control techniques;
identify ways of measuring performance levels;
describe a range of methods for measuring performance;
identify the differing objectives of stakeholders in the organization;
select the ideal performance measure;
monitor performance against agreed targets;
make recommendations for improvement in performance, or adjustments to
more realistic targets.
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