Finance chiefs have to remain vigilant when it comes to keeping budgets in check. Many CFOs are using techniques such as zero-based budgets and rolling budgets to keep tabs on spending and to fine-tune forecasts. Check out these five articles on avoiding the budget blues.
New research provides some surprising evidence regarding a perennial issue that bedevils capital projects: how to avoid cost underestimates that can lead to budget-busting cost overruns. Read more.
There are many ways to budget — top down, bottom up, rolling budgets, set it and forget it, budgeting software, via a massive spreadsheet, and so on. There are pros and cons of each of these takes on the budget, but setting a budget and monitoring and responding to related variances is the foundation of cost management. Read more.
The budget process often derails because many companies apply it in too many situations. Using the budget for purposes other than its original, so-called “planning” objective can be dysfunctional. Read more.
Dealing with the unknown is a key part of budgeting and planning for corporate risk management departments, an industry veteran explains. Read more.
The foods giant hopes to realize $300 million of efficiency benefits within three years. Read more.