Budgeting and analysis involves closely reviewing the details of a financial budget. The purpose of budget analysis is to understand and improve the way money is spent and managed. This type of scrutiny ensures that organizations utilize all available finances in the most efficient way to meet overall goals. Concrete benefits of budget analysis include:

->Mitigating risk by avoiding insufficient funds for future projects.
->Ensuring interdepartmental coordination toward overall goals.
->Providing regular, objective evaluations of actual performance.
->Balancing ambitious financial projections with realistic figures.
->Locating unfair or inappropriate allocations of funds.
->Encouraging continued organizational success and development.