Budgeting in Uncertain Business Climate

(Beyond) Budgeting
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(Beyond) Budgeting > Best Practices > Budgeting in Uncertain Business Climate

Budgeting in Uncertain Business Climate
Fareed Ezz, Analyst, Saudi Arabia, Member
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
  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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(Beyond) Budgeting
Summary
Forum
Budgeting Must Be Flexible and Auditable
Add Rolling Quarterly Forecasts to Traditional Budgeting Process
🔥Rolling Forecast in Beyond Budgeting
Best Practices
🥇Weaknesses of Traditional Budgeting
🥈Financial Measure / Budgeting is no Longer Dominant
🥉Budgeting for Guidance, not for Control
'Beyond' Budgeting -- Call it Whatever, It's Necessary
Budgeting Has Become the End Instead of a Tool to an End
Budgeting is the Essence of Good Management
Budgets Should Facilitate Communication, Collaboration, Cooperation, and Coordination
Can we Use Beyond Budgeting in Entrepreneurial Companies?
What is a Budget? Definition
Budgeting in Uncertain Business Climate
Budgeting Must Be Integrated in Strategic Process
Why Budgeting and Sound Financial Practices are Crucial
Lump Sum Budgeting with a Cushion


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