Zero-Based Budgeting – Piece of Coal to Rising Star

Zero-based budgeting has been the unwanted stepchild of the financial planning and analysis (FP&A) world for decades. Chief Financial Officers would lie to their friends about how they budget and say they do cool things like rolling forecasts, beyond budgeting or at the very least incremental budgeting at cocktail parties but NOT zero-based budgeting which was…

5 Questions To Ask Before Doing a Project Post-Mortem Analysis

Your firm just completed a multi-million dollar Enterprise Resource Planning (ERP) project to consolidate the information system resources of two business entities. The project is seven months late with cost overruns of $800,000. Fingers are pointing everywhere as to who is to blame for the delay and extra costs.   Management would now like to…

Save Time and Money: Best Practices For Driver-Based Budgeting & Planning

In many organizations, there exists a disconnect between strategy and execution with the missing piece being the lack of an effective budgeting and planning processes. The budgeting and planning process is the gear that converts the potential energy held with the strategy to the kinetic energy of execution within operations. However, the traditional budgeting and…

5 Views of Risk: How Big is Your Ocean of Financial Risk

“BUSINESS IS ALL ABOUT RISK TAKING AND MANAGING UNCERTAINTIES AND TURBULENCE.” BY GAUTAM ADANI, BUSINESS TYCOON   Late this September, the movie, Deepwater Horizon will appear in theaters. The high level of interest in this release can be recognized, with over five million movie trailer view from YouTube.   What could engage so many viewers in this…

Roll On Roller Coaster – The Rolling Forecast Budgeting Process

Agility is a key feature of any successful organization. The ability to adapt to changing circumstances without compromising on efficiency or profitability can pave the way to long-term growth and sustainability. One effective way in which businesses can become more dynamic is adopting a rolling forecast. Generally, every business follows some model of projection when designing…