The focus can be shifted from financial precision to strategic success by changing the purpose of planning and budgeting. Instead of focusing on precise forecasts and strict control, the focus should be on strategic portfolio guidelines that drive the budgeting and adaptation process. This approach will spark discussions that allocate resources from the strategy down, rather than from individual projects up. Additionally, planning should be done faster and more frequently to allow for adjustments and reduce stress over budget accuracy.
Simplify the process of budget creation with our Budgeting Model template. This template includes ex...
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