ABSTRACT
The training plan is based on time, taking a projection of anticipated activity and expressing the expected costs and outcome in measurable terms. Money is the usual unit used, since it is the ultimate financial outcome which is seen as important. Operational control is achieved by periodic comparison of the plan with the actual results achieved and objective analysis of the causes of any differences found, the positive or negative variances. The purpose of budgetary control is to direct the attention of management to the divergences between plan and operation so that action can be taken to correct the situation while there is time to revise the plan to more realistic objectives. Special project planning or analysis is used when a specific project is proposed and it would be useful to forecast how future income and expenditure will be affected over the project's life.
