Chapter 4

Is revising the budget mid-year flexibility or defeat?

Sửa ngân sách giữa năm là linh hoạt hay là thua?

The chapter's question

How far must actuals drift before I redo the forecast?

Big idea

A budget that cannot be revised will be ignored when reality changes.

In this chapter

  1. Part 4.1

    When to Reforecast

    What percentage is my threshold?

  2. Part 4.2

    Rolling Forecasts

    Should I drop the annual budget and use a rolling forecast?

  3. Part 4.3

    Keeping the Original

    Why keep the start-of-year version anyway?

  4. Part 4.4

    Who to Tell

    When the forecast changes, who needs to know first?

The reading for this chapter is inside Conan School

This chapter has 4 readings, with case stories and exercises. Chapter 1 of Budgets and Who Owns Them is free to read right here.

Read in Conan School

Chapters of Budgets and Who Owns Them

  1. 1.Is a budget a forecast, or a promise?
  2. 2.Should budgets come from the top or the bottom?
  3. 3.Who guards a budget line with no owner?
  4. 4.Is revising the budget mid-year flexibility or defeat?
  5. 5.Is cutting every department equally really fair?