Budgets are the vehicle for allocating resources and measuring the success of selected strategies. An organization's strategy is the primary driver of costs. To be effective, the budget must be linked to strategy and longer term plans. Numerous organizations have achieved a series of short-term targets (budgets), but failed longer term; thus demonstrating the lack of this necessary linkage. Forecasting, a critical part of any successful budgeting process can be flawed by technical errors and/or structure/emotional forces. This brief program offers specific actions to improve your forecasting and other budgeting activities. In addition, more advanced techniques are identified for the participant's further review. Good budgets effectively allocate resources, and provide information for decision-making and an early warning system for unforeseen events. A poor budgeting process provides a false sense of security, inappropriate or inaccurate data and re-enforces the status quo.
Ratings and Reviews
To review this course, please login.Login