The Develop Budgets activity involves creating financial plans for a specific period to ensure the enterprise’s financial resources are used effectively and efficiently. This includes setting financial goals, estimating revenues and expenses, and allocating financial resources to various departments and projects. The main objectives are to align the budget with the enterprise’s strategic goals, control expenditures, and measure financial performance to achieve business objectives.
Develop Budget business process creates periodic financial plans that project income and/or expenses across the enterprise's operating units, guiding financial decision-making and resource allocation to achieve business objectives.
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HierarchyLevel
4
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Description: the level of this object in the hierarchy (1-x integer)
Issue
Business Process Framework 20.0 Addition
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Maturity
4
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Description: the maturity level of this element (1-x integer)
Process Identifier
1.7.5.3.1
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TMFStatus
Not Fully Developed
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Values: Released,Preliminary,Draft,Not Fully Developed,likelyToChange,likelyToBeDeprecated Description: the TM Forum status