| dc.description.abstract | Budgetting is a very well known concept, being a
word that is believed to be almost synonymous with
planning. No clear line can be distinctly drawn between
the two terms, but probably budgetting can be considered
to be part of the broader t.erm, planning. Every organization
that is involved with finances, or spending money,
invariably needs to practice budgetting, and, depending
on the size of the organization and the extent of its
activities, it can be a very demanding, time-consuming
practice.
Budgetting, an essential component of long term
planning of any organization, consists of making reasonable
forecasts for the organization's income and expenses based
on past trends as well as variations of national and
international factors that influence the organization's
performance, directly or otherwise.
Kenya Commercial Bank Ltd., the organization for
which this project has been undertaken, has branches
scattered virtually allover the country and is still
expanding. The importance of long-term, accurate planning
for this organization cannot be over-emphasized. Over
the years, the planning and budgetting machinery has been
tuned and retuned, blessed with participation of all levels
of management. The bank's effective control of its staff,
coupled with the long experience possessed by the planning
department, makes the efficiency with which the planning
process is carried out unquestionable.
1
Whereas a bigger part of the planning process
requires great thought and skill by qualified, experienced
and hard-working officers of the bank, there is no reason
why an easier, faster and more efficient method of performing
the routine and time-consuming tasks should not be
sought. Kenya Commercial Bank is known to be the bank with
the most extensive application of computers in Kenya, and it
ts therefore logical to try and extend the use of computers
to the planning process. - "
I had an idea in mind to work out a system on
corporate level, but due to the fact that twelve weeks
was all the time I had to design a workable computerised
system, I have restricted my attention on branch level
planning, but without losing sight of the near future when
hopefully the acceptability of this system would mean a
need to expand it. | en |
