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BUDGETING Part (A) Whenever there is a requirement for management planning and control, some necessary tools are required to perform this activity and Budgeting is one of them. Budgets are made to help meet objectives. Developing a budget and sticking to it will allow you to live within your means and avoid financial crisis. In the case of Victoria hospital there is an absence of such mechanism the authorities were unable to understand that budgets do not subsist in a vacuity, it's an essential part of a framework designed for planning that is take up by the businesses approaching towards growth. The budgeting work which was done the by the secretary of the hospital was not focusing on core factors such as minimize cost and increase revenue. They don't have knowledge of best practices in setting and managing healthcare organization budget. They are un-aware of using comparative benchmarks, doesn't have such...

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