Of course this budget will provide the financial

Info icon This preview shows pages 3–5. Sign up to view the full content.

Of course, this budget will provide the financial resources necessary to accomplish goals. Revenue is a big part of a budget plan. It provides historical financial performance as it projects the growth income. It stems from organizational goals as well as an initiative. For instance, this projection growth is aimed to reach an annual rate of 10%. Fixed costs that are simply monthly prediction costs that shouldn't change much throughout the year. Facility expenses, employee salaries, mortgage, rent, insurance, gas, water, electricity, telephone, Internet, and cable bills are other expense. Variable costs fluctuate monthly and include such items such as education and training for staff members, travel cost, holiday events such as Christmas parties, overtime, and miscellaneous charges. This cost must be controlled to stay within the annual budget forecast. Annual goal expenses will include costs such as employee travel and implementing software, patches, and regular updates. Marketing materials are another variable cost for advertisements on the website and social media expenditures. (DHS, 2017) This memorandum will next assess the cost of managing risk and justify the costs of the components within the budget forecast. The software is expensive if you intend to stay competitive. This team consists of some very innovative younger members to include software programmers and analyst. An annual expense of $120,000 would allow $30,000 quarterly for new software. Before deployment, there is testing of the software that to be implemented. We test in a safe environment to ensure the organization can conduct daily operations without sudden disaster such as system crashes due to non-testing or faulty software. Software research development is
Image of page 3

Info icon This preview has intentionally blurred sections. Sign up to view the full version.

NATIONAL INFRASTRUCTURE PROTECTION PLAN 4 tested, reviewed, and validated before granting approval and going live. Examiner's travel and training range $20,000 quarterly. This is a bit expensive; we outsource subject matter experts from around the country with the top of the line resumes to train our team members. Team members consist of an analyst, programmers, administrators, and technicians. Education is regulated to stay current with the required certifications. Litigation support is another important area. This is a large organization and retainer fees are required to abide by various laws and regulations.
Image of page 4
Image of page 5
This is the end of the preview. Sign up to access the rest of the document.
  • Spring '14

{[ snackBarMessage ]}

What students are saying

  • Left Quote Icon

    As a current student on this bumpy collegiate pathway, I stumbled upon Course Hero, where I can find study resources for nearly all my courses, get online help from tutors 24/7, and even share my old projects, papers, and lecture notes with other students.

    Student Picture

    Kiran Temple University Fox School of Business ‘17, Course Hero Intern

  • Left Quote Icon

    I cannot even describe how much Course Hero helped me this summer. It’s truly become something I can always rely on and help me. In the end, I was not only able to survive summer classes, but I was able to thrive thanks to Course Hero.

    Student Picture

    Dana University of Pennsylvania ‘17, Course Hero Intern

  • Left Quote Icon

    The ability to access any university’s resources through Course Hero proved invaluable in my case. I was behind on Tulane coursework and actually used UCLA’s materials to help me move forward and get everything together on time.

    Student Picture

    Jill Tulane University ‘16, Course Hero Intern