Am Real Estate Group's Overall Budget Management

Comprehensive budget management is regarded as one of the most important management tools to modern enterprise development. The comprehensive budget management, using as a measurer for planning and coordination at the beginning period, now developed as a multifunctional instrument for business control, inspiritment and performance appraisal for company to achieve its strategies, is acted as core system of enterprise internal control system.AM real estate Group, a list company in HK, has invested across substantive projects in many cities of China. I have involved into and acquaint myself with the Process of comprehensive budget Process in the past years. After briefly introduce the budget pattern that AM real estate Group adopted and the whole Process of how the company developing budget, there is some recommendations for improvement of its budget system.Under the current situation, There is some function need to be optimized : First, Comprehensive budget is exploit by Microsoft office Excel software, which has the shortcoming of Low- efficiency and data- inaccuracy, time-consuming. The executive cannot gain prompt information as they needed. Moreover, the budget-evaluate guide line comprised mainly of financial indexes, which ignoring targets related to customers, staff and internal flow, and failed to meet the manager's demand per strategy.Based on the current condition of budget control system, the writer proposes as below: Comprehensive budget management system should be developed by setting up an effect ERP System base on Actual budget process. At the same time, a well-around performance evaluation system per strategy will be established based on the comprehensive budgeting management system introducing the Balance Scorecard with close linkage to company's strategy.I sincerely hope this article can be used as reference for those foreign real estate companies in the explorations Process of improving their budget management system, since a large number of foreign fund is now expand their realty business in china.