PRIME

This topic has 6 replies, 4 voices, and was last updated 11 years ago by Anonymous.

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November 14, 2014 at 4:05 am #209846
lsoltobaeva
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hello.

In June 2014, Q4 (b) answers the examiner says that answer based on PRIME acronym would also be acceptable. I can’t find anything about PRIME.
What does prime stand for?

Thanks.
November 14, 2014 at 9:45 am #209884
Ken Garrett
Keymaster
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Sorry, I don’t know. People tend to have their own pet acronyms. I list the purposes of a budget as:

Forecasting
Planning
Control
Communication
Coordination
Authorisation
Motivation
Evaluation

I remember it by “Few People Can Comfortable Carry A Male Elephant”. (This probably give more information about my weird mind than about budgets.)
November 27, 2014 at 6:14 pm #213914
Anonymous
Inactive
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P- planning and coordination
R- responsibility
I- integrity
M-motivation
E- evaluation
November 27, 2014 at 6:15 pm #213915
Anonymous
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Benefits of budgeting – PRIME
November 27, 2014 at 6:24 pm #213916
monica786
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I think the I should be integration (between departments)
November 28, 2014 at 4:59 am #213970
lsoltobaeva
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Thanks!
December 3, 2014 at 11:22 am #216760
Anonymous
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Yes, Monica786, you are right
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