Financial Management::Define Financial Management Approach::Determine Costing/Budgeting Factors

The Determine Costing/Budgeting Factors process involves identifying and analyzing elements that influence costs and budget requirements. Key steps include identifying cost drivers, analyzing historical data, estimating costs, setting budget assumptions, allocating financial resources, and monitoring and adjusting as needed. The main goals are to ensure accurate budgeting, optimize financial resource allocation, and maintain financial control.<br/>