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Budgeting in Uncertain Business Climate
Fareed Ezz, Analyst, Saudi Arabia, Member
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What about when you are doing your business in an uncertain environment, for example your revenues comes from few mega projects with government, wining a deal or not will means millions +/- in your budgeting figures.
Do we need nested if statements in the budget, like: if we win this deal it will be like this, if we don't it will be like this, and if we win this project and that project...
To tell you the truth, this is budgeting in uncertainty is driving me crazy.:). (...) Read more? Sign up for free
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Budgeting in Changing Environment : Could What-if Analysis etc. Help?
abdul alim ahmad, Student (Other), Member
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Budgeting is not efficient in a changing competitive environment...
Could various types of future analysis help organizations to make successful choices. The budget is an important guideline to follow, but current events are even more important to make good decisions. We are in fast lane. Changes are frequently happening and we need to be dynamic.
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Special Interest Group Leader
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