-
The Company | The System | Partner Us | The Team | Benefit | Risk | Client Login | Feed Back | FAQ's | Contact Us | Home


An intelligent decision makers dealing with uncertainty like to the size and nature of the risk they are taking in choosing a course of action. One of the deficiencies in using the traditional approaches of operations research for problem solving is that many of the data used in a model are merely estimates and others are based upon probabilities. The ordinary practice is to have staff specialists come up with “best estimates.” However, new techniques have been developed that give a more precise view of risk.

Virtually every decision is based on the interaction of important variables, many of which have an element of uncertainty but, perhaps, a fairly high degree of probability. Thus, the wisdom of launching a new product might depend on a number of critical variables; the cost of introducing the product or technology, the cost of producing it, the capital investment needed, the price that can be set, the size of the potential market, and its share of the total market.

Here, the investment is very low and return is very high. Physically there is no risk and our innovative project and system assure a smart income in respect of smart work.

Expenditure and Income Chart

Ø A widely used control of overall performance takes the form of a summary of budgets. A budget summary, being a resume of all the individual budgets, reflects company plans so that sales volume, costs, profits, utilization of capital, and return on investment may be seen in their proper relationship. In these terms it shows top management how well the company as a whole is succeeding in meeting its objectives.


Ø For the best control through a budget summary, a manager must first be satisfied that total budget is an accurate and reasonably complete portrayal of the plans. The manager should study the budget reports and any material accompanying them to determine whether the comparison of budget and actual costs shows the real nature of any deviations.

 

The Company | The System | Partner Us | The Team | Benefit | Risk | Client Login | Feed Back | FAQ's | Contact Us | Home
-