Optimization Model On Comprehensive Budget Management Policy For TP Life Insurance Company

The paper follows the logic as putting out problems,analyzing them and solving them”,by adopting the method of combining theoretical research with case analysis.The paper starts from introducing the theory of comprehensive budget management,choosing TP Life Insurance Company as a case study to analyze how the comprehensive budget management system works in the company.Several issues have been identified for TP Life Insurance Company comprehensive budget management system: firstly,the target setting;secondly the information construction;thirdly,the human resources management.The author has proposed the countermeasures on how to optimize the system implementation.The author proposes that to optimize the system implementation,four aspects need to be addressed: the optimization of company budget target setting,of company information system,of employee personal development,and of company performance evaluation.To optimize the company target setting,company needs to change mindset,to clearly define budgeting policies and to adopt scientific budget setting measures;to optimize information system,company needs to standardize system development process and to reduce system redundancies by integrating current system functions;to improve human resources management,company needs to improve staff training system,senior management training and retention policies;to improve staff performance evaluation system and compensation management system.