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Budgetary Planning

Types of Planning

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Purpose of Budget
Types of Planning
Types of Budget

Three Types of Planning

Strategic Planning

Strategy is the action that allows realization of long-term vision and goals. This is also a planning process that attempts to coordinate the deployment of resources over time.

 

Operational Planning 

Deals with the day-to-day and week-to-week work routine. The Focus is on routine operational tasks and long-term projects and the pimary goal is to communicate in many organizations. Weekly or monthly summaries are often used to inform others.

 

Project Planning

This covers the detailed activities on how to accomplish a given undertaking. This would only include projects such as branch expansion in a locality, adoption of a new system, acquisition of plans and etc.

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