The budgeting process in law enforcement administration is significant for both the public and private sector of the organization. The budgeting processes that may be used include line item, zero-based, and performance budgeting.
The pros of the budgeting process include enabling the improvement of resource allocation such that there are justification and equitable distribution of resources. Additionally, the budgeting process also helps in the transformation of strategic plans into reality. The other advantage of the budgeting process is that it makes it easier for companies to compare profitability and the cost of different projects so as to ensure that profits are maximized (Shim, Siegel, & Shim, 2012).
The cons related to law enforcement administration budgeting is that the estimates and forecasts are only as good as the data they use. Moreover, some budgets may lack flexibility reducing the creativity and innovation making it hard to acquire funds for newly generated ideas. Additionally, time and money are an added costs needed during the budgeting and accounting process hence increasing the total costs of projects (Hope & Robin, 2003).
The budgeting cycle is used in all aspects of a product. That means that it is used in planning, research, sales, marketing, development, and phase-out. It is therefore used in the development of public-sector infrastructure through analysis of cost-benefit of the …show more content…
There are times when the budget funds for these crimes cannot be approved no matter they justification.
References
A, B. W. (1986). Budgeting: A comparative theory of budgetary processes. New Brunswick:
Transaction Publishers.
Hope, J., & Robin, F. (2003). Beyond budgeting: how managers can break free from annual performance trap. Harvard Business Review Press.
Shim, J. K., Siegel, J. G., & Shim, A. I. (2012). Budgeting Basics and Beyond. Wiley Online
The pros of the budgeting process include enabling the improvement of resource allocation such that there are justification and equitable distribution of resources. Additionally, the budgeting process also helps in the transformation of strategic plans into reality. The other advantage of the budgeting process is that it makes it easier for companies to compare profitability and the cost of different projects so as to ensure that profits are maximized (Shim, Siegel, & Shim, 2012).
The cons related to law enforcement administration budgeting is that the estimates and forecasts are only as good as the data they use. Moreover, some budgets may lack flexibility reducing the creativity and innovation making it hard to acquire funds for newly generated ideas. Additionally, time and money are an added costs needed during the budgeting and accounting process hence increasing the total costs of projects (Hope & Robin, 2003).
The budgeting cycle is used in all aspects of a product. That means that it is used in planning, research, sales, marketing, development, and phase-out. It is therefore used in the development of public-sector infrastructure through analysis of cost-benefit of the …show more content…
There are times when the budget funds for these crimes cannot be approved no matter they justification.
References
A, B. W. (1986). Budgeting: A comparative theory of budgetary processes. New Brunswick:
Transaction Publishers.
Hope, J., & Robin, F. (2003). Beyond budgeting: how managers can break free from annual performance trap. Harvard Business Review Press.
Shim, J. K., Siegel, J. G., & Shim, A. I. (2012). Budgeting Basics and Beyond. Wiley Online