SYNOPSIS

PART-I: REDEFIAIAC OF 1HE CSM PLAAAIAC & BUDCE1IAC PROCESS'

Introduction:
Budget provide a Iorecast oI revenues and expenditures, that is, construct a model oI how a
business might perIorm Iinancially iI certain strategies, events and plans are carried out. It
enables the actual Iinancial operation oI the business to be measured against the Iorecast.

Aim:
a) %o study and understand the existing planning and budgeting process.
b) %o identiIy the scope oI improvement in the current planning and budgeting process.
c) %o redeIine planning and budgeting process, keeping in view the scope oI
improvement.

isting v/s redefined process:
CURRNT PROCSS RIFIN PROCSS
. alI yearly Iormulation oI budget.
a. March
b. September.
. Budget is prepared Annually.
. Preparation oI CAPEX (capital
expenditure) budget.
. Elimination oI CAPEX
preparation process.

%he main purpose oI modiIying the process is the launch oI %A%A DOCOMO in June
and there was no structured budgeting process in %%. %ata DOCOMO arises out oI the %ata
Group's strategic alliance with Japanese telecom major N%% DOCOMO in November .
%ata DOCOMO has received a pan-India license to operate GSM telecom servicesand has
also been allotted spectrum in telecom Circles. %he company has rolled out GSM services
in all oI these telecom Circles in the quick span oI just over a year.



RIFIN PLANNING & BUGTING PROCSS:


Conclusion:
Budgeting process in the organisation is ongoing. %hereIore, it is expected Ior %% to
redesign its planning and budgeting process Irom time to time. %he Iuture redesign team
should conduct a survey to assess what to include in a planning and budgeting process
redesign. %he budgeting process is a management tool to help keep the company proIitable
and keep it running as smoothly as possible. .