Budget, The need to Monitor and Control a

Monitoring and controlling a budget is an essential activity if effective and efficient financial decisions are to be made.
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Budgetary Control

Managing income and expenditure by monitoring budgets to establish the current position and identify prevailing impacts and likely trends.
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Bund

A self-containment feature, which is like a large tray at the base of an entire storage facility, or a tray on which sits one or a few containers.
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Bunker

A sand or grass pit, trap, or hollow.
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Business Continuity

The ability of an organisation to implement controls and maintain appropriate capabilities to ensure compliance with the law and the continued operation of the business at times of disruption.
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Business Dashboard

A visual presentation page, often using various types of charts, which provides an easy-to-understand overview of key areas of interest to an organisation.
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Bystander

An individual in the locality of where an activity is taking place, or where a material has been used. They are not involved with the activity being undertaken.
Calendar of Works

Capacity Building

Improving the capability of an individual, team or organisation.
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Capital Expenditure

This is the use of funds to purchase fixed assets, such as machinery, or buildings / work stores, or to make long-term improvements to assets, such as the reconstruction of a sports pitch.
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