Definition:
The development of knowledge bases is considered to be a process of extending an ontology with specific knowledge of a particular application. Reuse of pre-existing knowledge sources gives rise to knowledge bases endowed with a common and standard terminology.
Further Reading:
Book: The Lean Machine by Dantar P. Oosterwal
Definition:
Budget planning entails identifying the sources of income and taking into account all current and future expenses, with an aim to meet an individual’s financial goals. The primary aim of a budget planner is to ensure savings after the allocation for spending.
Budget is an important concept of microeconomics and can be understood as an organizational plan stated in monetary terms. Business start-up budget, corporate budget, event management budget, government budget and personal or family budget are some variations of this concept.
Further Reading:
Book: The Lean Machine by Dantar P. Oosterwal
© 2013- 2022 INNOVATION ROOTS SOFTECH PVT LTD