Budgeting is most closely aligned with the planning function of management, as it involves forecasting financial needs and allocating resources to meet organizational objectives.

Planning in Budgeting:

Setting financial goals and priorities for the upcoming period.

Allocating resources effectively to achieve operational and strategic objectives.

Anticipating future expenditures and aligning them with revenue projections.

Other Management Functions:

Organizing: Focuses on structuring teams and processes.

Directing: Involves guiding teams to execute plans.

Controlling: Ensures adherence to budgets and performance standards but follows the planning phase.

CPP® Context:

Financial and Resource Management: Guides the integration of budgeting into security program planning.

Strategic Management Principles: Emphasizes budgeting as a foundational tool for risk and resource planning.