Importance of a planning and budget: a case study on the budget tool used in a condo.

Abstract

This study addresses the importance of using the knowledge of planning and budgeting in any entity or institution, regardless of the purpose to be achieved. This content applied in the case study, demonstrating the results of the correct application of the budget methodology. In the subject matter made it clear that administer any institution blindly, ie without any administrative procedure without criteria leaves the institution the sort of chance. To avoid the mismatch in the planning run one must make use of a reserve for contingencies, so if there is a higher value expenditure will remain within an acceptable level.