A standard organisational budgeting template should be developed that can be used to prepare project budgets, core cost budgets and an annual consolidated organisational budget which show clear calculations and include explanatory notes. #11
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help wanted
Extra attention is needed
From the report: "eQuality time does not use standard budget worksheet."
Recommendation: "A standard organisational budgeting template should be developed that can be used to prepare project budgets, core cost budgets and an annual consolidated organisational budget which show clear calculations and include explanatory notes."
Action taken: We now use the standard budget in quickbooks - we've done a variance analysis on last year's and have an anual budget for the coming year. We don't have a version of this for projects, mostly because we don't have a live project right now :/ Waiting for more evidence to turn up on this one.
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