budget analysis

A business management concept defining a repeatable method or artifact used to measure, decide, or improve performance. It specifies inputs, steps, and outputs that support consistent monitoring and decisions across recurring activities. It does not ensure improvement without correct implementation, data integrity, and follow-through on identified actions.

A cost and performance management concept defining methods used to measure costs, plan spending, and analyze deviations from expectations. It governs cost attribution, budgeting, forecasting, and variance drivers used to improve profitability and operational decisions. It does not ensure savings without accurate cost drivers, timely data, and follow-through on corrective actions.