Research On Lean Budget Management Of Electric Power Company D Under New Power Reform Background

The new-round power system reform begins upon the publication of Opinions on the Further Deepening of Power System reform enacted by State-owned Assets Supervision and Administration Commission(SASAC)in 2015.Under new power reform background,electric power companies confront great market competition pressures and increasingly rigorous government supervision.Government departments impose direct supervision on income,cost,asset and other factors,and raise higher requirements on corporate budget control ability.It is imperative for electric power companies to improve their management level and resource allocation ability.Lean budget management combines lean management concept and comprehensive budget management,has deep insights into the changes of external economic conditions,fully considers all factors affecting corporate efficiency,and provides financial support for the economic decisions of corporate managers.Therefore,the paper designs a lean budget management plan and guarantee measures for electric power company D.The main research content of the paper is presented as below.Firstly,it makes a literature review about theoretical studies and practice related to lean budget management at home and abroad.Secondly,it conducts a qualitative and quantitative analysis on the execution of comprehensive budget management in electric power company D.Thirdly,it observes the influence of new power reform policy on the comprehensive budget management of electric power company D,and discovers problems in existing comprehensive budget management mode.Fourthly,targeted at the influence of new power reform policies on the comprehensive budget management of electric power company D and related problems,it designs a lean budget management plan and raises guarantee measures to improve drawbacks in existing comprehensive budget management mode and positively cater to new power reform policies.Based on above research results,the paper draws the following conclusions.Firstly,throughout the in-depth analysis on the current situation of comprehensive budget management in electric power company D,it finds that existing comprehensive budget management mode runs counter to lean management strategic goal because it is relatively extensive and short of process management.Secondly,it reveals the influence of new power reform policy on the comprehensive budget management of electric power company D.Under the background of new power reform,corporate revenue will be decided by effective assets and disposable cost.Therefore,attention should be paid to asset investment budget management and cost expense budget.Thirdly,considering the drawbacks of existing comprehensive budget management mode and the requirements of new power reform policy,the paper will begin with budget objective,principle,management foundation,compilation system,assessment and incentive,and audit to design a lean budget management plan for electric power company D and propose guarantee measures for the implementation of this plan so as to cater to market competition pressures and government supervision.