1. Why does an organization budget?
2. Why does maintenance organization
fit into the budgeting process?
Budgeting
-is a process of creating a plan/budget to spend
money; or simply balancing the expenses with the
income.
• Allows the organization to do the things they need most and
prioritize the spending to the things that are more important.
• Ensures that the organization will always have enough
money and will keep them out of debt.
Maintenance
-process of maintaining/preserving something
-maintain or improve the health of some asset
-to produce a greater percent of quality output
that will satisfy the customers demands.