The document summarizes the budget management process of O7 Services. It includes 7 chapters that introduce the company, define the need for budgeting, describe the research methodology used, and present findings from a study. Key points include: - O7 Services is an ISO-certified IT company that provides services like web/mobile development, marketing, and support. - The study examines the budgetary control system and aims to understand employee expenditure policies. - Primary and secondary data was collected through a survey of 50 employees using convenience sampling. - Findings show that most employees are satisfied with budget control and performance appraisal linking to company growth, while some are unaware or dissatisfied with risks and irregular

1. BUDGET
MANAGEMENT OF
O7 SERVICES
PRESENTED BY :
KASHISH BALI
(13/MBA/21)

2. CHAPTER: 1
INTRODUCTION TO
COMPANY

3. • O7 services is an ISO 9001:2015 and MSME PB10D0011152 certified company and is blessed with
a strong and talented team
• Deals in web development, mobile development, custom software development, designing, hosting
services, digital marketing, registration of domain names with the various latest extensions, internet
and social media marketing, search engine optimization (SEO), pay per click (PPC) management
• Provides the most advanced IT solutions, supporting full business cycle: preliminary consulting,
system development & deployment, quality assurance and 24×7 supports
• With a rich experience of over 6 successful years, O7 services tends to build long-lasting strategic
partnerships with their clients to ensure affordable prices, timely delivery and measurable business
results. Their head office is in Jalandhar and the branch office is in Hoshiarpur, Punjab

4. MISSION-VISION-GOALS
1. VISION: “Vision is the art of seeing what is invisible to others”. worldwide reputation is the
dream of every company and o7 services want to achieve it through their work.
2. MISSION: Your dream is our mission”. o7 services deliver innovative web and mobile solutions,
ensure complete transparency in the procedure, provide regular updates on the project and give
equal priority to all the customers regardless what is the size or type of their project.
3. GOALS: “a dream becomes a goal when action is taken towards its achievement”. their goals are
smart- specific, measurable, attainable, relevant and timely goals.

5. CHAPTER: 2
INTRODUCTION TO
PROJECT

6. • Budgeting is creating a plan to spend money.
• The fundamental step in achieving financial literacy ,
and by extension , reaching financial security and
freedom .
• It is a process of creating a plan to spend and invest
your hard earned money wisely to meet your
personal and financial goals in life
• It balances your expenses with your income now for
the rest of the life

7. CHARACTERISTICS OF BUDGET MANAGEMENT
• Address the Enterprise’s Goals
• Must be a Motivating Tool
• Must Have the Support of Management
• Must Convey a Sense of Ownership
• Flexibility
• Coordinated
• Should be a Correct Representation

8. CHAPTER: 3
INTRODUCTION TO RESEARCH
PROBLEM

9. Statement of the Problem
• A budget is based on a set of assumptions that are generally not too far from the
operating condition. We can assume the estimated budget of the o7 Services
around 70 lakhs.
• According to the survey, we can know the problems that employers face with
technical departments. Therefore, it is an IT Company , their software is up-to-
date because many more technologies are developed and also purchasing the
softwares or other learning techniques of new languages.
• The major problem is that if the company has a budget of 70 Lakh and it goes up
to 90 lakhs per year.

10. CHAPTER: 4
NEED, SCOPE AND OBJECTIVE OF
STUDY

11. NEED
• A budget provides essential information for operating within your means,
managing unexpected challenges, and turning a profit. A proper budget will
identify available capital, estimate expenditures, and anticipate revenues of the
company
SCOPE
• To create a standard benchmark for measuring performance and to monitor and
revise the budgetary plans in case there is any such requirement due to the
changing environment

12. OBJECTIVE OF THE STUDY
• To know the Budgetary Control system of the Company
 Operational Control: It covers the revenue and operating expenses, which are essential to running
a day-to-day business. The actual numbers to a budget are compared monthly in most cases. It
helps achieve control over EBITDA – Earnings before interest, taxes, depreciation, and
amortization
 Cash Flow Control: This is an important budget that controls the working capital requirement and
cash management. Therefore, cash crunches could be detrimental to everyday functioning, which
is an important aspect.
 Capex Control: It covers capital expenditures, like buying machinery or constructing a building.
Because it involves a huge amount of money, the control here helps eliminate waste and reduce
costs.
• Formulating expenditure policies of employee

13. CHAPTER: 5
RESEARCH METHODOLOGIES

14. • Research methodology is a way of explaining how a researcher
intends to carry out their research. It's a logical, systematic plan to
resolve a research problem. A methodology details a researcher's
approach to the research to ensure reliable, valid results that address
their aims and objectives.

15. Research Design
• The research design refers to the overall strategy that you choose to integrate the different
components of the study in a coherent and logical way, thereby, ensuring you will effectively
address the research problem; it constitutes the blueprint for the collection, measurement, and
analysis of data.
Source of Data
Sources
Primary
Secondary

16. Sampling Design:
1. Universe of study: Universe of study means area or the limit of the study in
which it is to be conducted .
2. Sample size: I have selected 35 employees. The survey is carried out on 50
respondents.
3. Sample unit: It indicates who is to be surveyed. The researcher must define the
target population that will be sampled as the employees of o7 company.
4. Sampling techniques: For the purpose of research, convenience sampling is used.
5. Analysis tools: Suitable mathematics and statistical techniques will be used to
analyze the data like percentage method and pie chart method.

17. CHAPTER: 6
FINDING OF STUDY

18. • 90% of the respondents are satisfied about the budgetary control at the
company however there will be 10% who are not satisfied about the budget
control process and their environment
• Most of the employees feel that there is a value and criteria for adding the
new employee via their management skills as well as their technical skills
• In Spite of those techniques 82% prefer to invest their budget that is set by
the owner and their controlling techniques
• In Spite of not being aware of budgetary control, employees still believe
that budget is ensuring a satisfactory system; they have their own
perceptions about these techniques.

19. • 30% respondents are not even aware about the fact that the budgetary control
process invests their behaviour, work and profit in their company.
• The proportion of dissatisfaction is 16% and the reasons for such dissatisfaction
are risks and irregular systems from the hiring of the employees for the budgetary
process.
• Most of the respondents prefer manual checking the budget like their monthly
expenses, any festivals or other software and hardware requirements.
• 91% of the respondents are clearly satisfied that performance appraisal is very
valuable according to the company growth and their income salary.
• The findings from the data analysis from the questionnaire shows a positive
improvement, enhancing and overall rating about the budget process.