Thesis Abstract

Budgetary planning and control play a crucial role in enhancing productivity within organizations. This research aims to explore the significance of budgetary planning and control as a tool for increasing productivity. The study will investigate how effective budgetary planning can lead to improved resource allocation, cost management, and overall performance enhancement. The research will employ a mixed-methods approach, including both qualitative and quantitative data collection methods. Qualitative data will be gathered through interviews with key stakeholders, including financial managers, department heads, and employees involved in budget implementation. These interviews will provide insights into the current budgetary planning processes, challenges faced, and opportunities for improvement. Quantitative data will be collected through financial records analysis to evaluate the correlation between budget adherence and productivity levels. By examining historical data and performance metrics, the study aims to identify patterns and trends that demonstrate the impact of budgetary planning on productivity outcomes. The research will also explore the role of budgetary control mechanisms in monitoring and evaluating performance against budget targets. By assessing variance analysis reports, the study will determine the effectiveness of control measures in identifying deviations and taking corrective actions to ensure budget compliance and productivity optimization. Furthermore, the study will investigate the relationship between employee motivation and budgetary planning. By conducting surveys and focus group discussions, the research will assess the perception of employees towards budget goals, their involvement in the budgeting process, and how it influences their motivation and productivity. The findings of this research are expected to provide valuable insights for organizations seeking to enhance their productivity through effective budgetary planning and control. By identifying best practices and areas for improvement, the study aims to offer practical recommendations for optimizing budget processes and aligning them with overall strategic objectives. In conclusion, budgetary planning and control are essential tools for increasing productivity within organizations. This research seeks to contribute to the existing body of knowledge by exploring the impact of budgetary planning on resource allocation, cost management, performance evaluation, and employee motivation. The findings of this study are expected to benefit organizations looking to improve their budget processes and achieve higher levels of productivity and performance.

Thesis Overview

This study is to find out how budgeting control and planning help to increase productivity in Anamco Emene. To gain this project work, four (4) research question. Wee formulated. A review of literature was done to ensure solid conclusion for the study. A structured questionnaire was developed and administered by the researcher to sixty two (62) staff made up of junior and senior staff of Anamco Emene Enugu.

Table analysis where data was decoded into mean and standard deviation was used for research questions.

Based on major findings of the research, conclusions wee drown and recommendation made to elicit the problems associated with the topic under study.

CHAPTER ONE

INTRODUCTION

1.1     BACKGROUND OF THE STUDY

The growing complexity of the business environment and the ever-increasing competition among firms in the modern time, make planning/budgeting an invaluable tool for business success.

Successful management is no longer just a matter of flair, skill and determination, a conscious effort is needed to harness available resources towards the achievements of enterprise objectives. Therefore budgeting is one of the tools adopted by management for effective cost planning, control and increase productivity.

In this study, we are going to find out how budget and budgetary control enhance the management of a firm to increase productivity and reduce cost of production. Additionally, since budgeting is a formal expression of managerial plans n quantitative and financial terms encompassing different phases of assisting management in attaining the organizational objective, we are going to verify some limitations of problems associated with budget and budgetary control and how to tackle them and also how the management of Anamco Nigeria Ltd has utilize budget and budgetary control to achieve the organizational objective, increase productivity and reduce cost of production. In most case, some of the problems, which they encounter, includes that there is no efficient support and involvement of all level of management in decision-making. And also the organization is not able to develop meaningful forecast and plans especially the sales plan in making sales budget.

In addition to this they are unable to educate all individuals to be involved in the budgeting process and gaining their full participation. They cannot apply the budgeting system in a flexible manner, including that some organization cannot maintain effective follow up procedure and adapting the budgeting system when ever the circumstance changes. All the above mention facts are some problems to be discussed in this study and ways of solving them, it will also be discussed including suggestions for further researches in the same topic will also be highlighted.

1.2     STATEMENT OF PROBLEM

The study entitled budget and budgetary control a tool for increasing productivity attempt to determine the way by which some organization or firm especially Anamco Ltd Emene has utilize budget and budgetary control to increase their productivity.

Some of the problems, which they encounter, are as follows;

1.                 Lack of support and involvement of all levels of management

2.                 . Inabilities to develop meaningful forecast and plans, especially the sales plan.

3.                 Inability to educate all individuals to be involved in the budgeting process and gaining their full participation.

4.                 Most organization or firms are unable to apply the budgeting system in a flexible manner.

1.3     PURPOSE/OBJECTIVE OF THE STUDY

The purposes of this study are as follows:-

1.       To determine how lack of support and involvement of all levels      of management distort budgeting.

2.     To find out how inability to develop meaningful forecast and plans especially the sales brings about or prevents increase in productivity through budgeting.

3.     To establish how inability to educate all individual to be involve in the budgeting process and gaining their full participation brings about problem in budgeting process.

4.     To ascertain the extent by which most organization or firm are unable to apply the budgeting system in a flexible manner.