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1. What is the purpose of a budget baseline?
The budget baseline is the minimum and maximum amount of money that a business or organization can spend.
To communicate the financial plan and to track how well the organization is implementing the plan.
To measure whether the business is profitable.
2. A department budget baseline will normally allocate costs by what categories?
Revenue and expense.
Current assets and fixed assets.
Time period and cost account.
3. Under what conditions would departmental budget baseline information and project budget baseline information be included in the business OpPlan?
The OpPlan should include department level budget baseline information but not project level budget baselines.
Department and project budget baselines are separate from the OpPlan and should never be included.
The OpPlan should always include all information from departmental budget baselines and approved project budget baselines.
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