Oman Airport Management Company Essay

Why controlling budget cost in Oman Airport Management Company (OAMC) is good and why is bad for the business?

In many cases, the company choose to implement cost control measures. These procedures take many forms but generally will place restrictions on how much money employees can spend, and keeping them to strict limits. In addition to reducing the amount of money, OAMC’s is used on the external expenses, these controls have a number of additional benefits and downsides such as;

Advantages of cost controlling budget

Lower expenses

Lower expenses can benefit of cost control in Oman Airport Management Company (OAMC) is that they reduce the company 's total expenses. Advantage of controlling cost budget in OAMC’s it’s reducing the amount of money employees can spend away, the company put limit on how much money can spend out. This allows the company to keep more cash on hand, or to invest large amounts of money in other ways, such as company expenses or debt repayment (Wolfe, 2015). For example; if OAMC’s will not control their budget cost they might spend their all money away without keeping money for emergency use or repayment for other expenses.

Better records

Better records in Oman Airport Management Company

the grounds that his budget manager of OAMC’s may authorize excessive expenditures in the last minute, on the grounds that its budget tend to making managers believe they eligible for certain amount of funding each year, regardless of the actual need for funds. Furthermore on the basis that in the coming period will be reduced budget unless all amounts authorized to spend in the current budget (what are the disadvatages of budgeting,