Budgeting Planning is the process of allocating resources and making necessary adjustments to ensure that an organization’s activities align with prevailing goals and objectives. It involves estimating costs, predicting income, and evaluating risk. It also requires careful planning and forecasting to manage financial resources effectively. A well-designed budget plan can help organizations manage their finances more efficiently and reach their desired outcomes. It ensures that each dollar spent is used in the most beneficial way possible and maximizes resources to achieve maximum return.