A process of making financial decisions in light of long-term goals, such as retirement, education, and estate planning. Financial budgeting involves planning, estimating, and distributing financial resources for a designated timeframe to meet an organization's objectives while maintaining effective oversight of expenses and income.

A prolonged procedure that includes recognizing patterns and challenges, coordinating objectives, and creating a vision.

Business process improvement (BPI) is a systematic method for evaluating and enhancing business processes to boost efficiency, effectiveness, and overall performance. BPI aims to make processes more flexible in response to evolving business requirements while optimizing workflows, cutting costs, and enhancing customer satisfaction. BPI includes the following steps: pinpointing areas that need improvement, executing changes, and tracking results.