Traditional budgets record where expense dollars went, from salaries
to office supplies. Performance-based budgets (PBB) reveal a richer,
forward-looking dimension: what expense dollars will accomplish--
miles of roads paved, vaccines administered, forms processed, or sales
made. Such planning processes are already at work in most federal
agencies, 25 states, more than 100 cities, and a fast-growing roster of
private-sector businesses. Speaking on behalf of BOARD USA to senior
finance executives gathered in Orlando for the 17th annual CFO Rising
conference, CPM Practice Leader Jeremy Carter of Neubrain outlined the
mechanics and merits of PBB. This paper summarizes his remarks.
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