what are the benefits of an operating budgets
The Advantages and Disadvantages of Budgeting. Budgets are an essential feature of the control system and, as such, an integral feature of effective management. However, it is still worth considering the advantages and disadvantages. The advantages of budgets are: 1. As an essential part of the management process budgets compel planning, making people within an organisation think about the future. A formal budgeting procedure with specified deadlines compels operations managers to divert their attention away from day-to-day business and get down to completing the budget.