Cost and Budget

[Name of the Institute]

Cost and Budget

Introduction

In the contemporary business environment the organizations have to include the latest technological advancements, to enhance the operational efficiency and effectiveness. The businesses have realized that they have to invest in their infrastructure to attain a competitive advantage, in the global business environment. In the context of investing in the relevant technologically oriented organizational infrastructure, the management of the company has to ensure that the relevant attention is given in the cost and budget factors (Morris, 2001). In certain scenarios the costing process has to be in line with the long term strategic vision ...