ABSTRACT
This chapter shows how income is allocated and how budget might be expected to perform. A contract implementation plan reflects the relevant portions of the main contract. It identifies for the budget manager a number of key objectives which must be accomplished within a particular time frame. The overall financial plan and individual budget plans for a particular period must be made to balance activities. During a financial period it is therefore necessary to adjust budget targets so that these expected variations are properly reflected. This process is called profiling and setting budget targets. In the complex multi-activity organisation, timing is an essential measurement of efficiency. Problems arise when either, time begins to run out or when it is in over abundance. In the budgetary sense it can be seen that time exhibits some features which are similar to certain facets of financial management.
