Event Description

Through a combination of theory and real-world examples, we will explore how to build flexibility into our budget -so that it can inform and drive decision-making when we don’t quite know what is ahead.

Objectives

Recall the difference between a forecast and a budgetIdentify the difference between top-down and bottom-up budgetingState the key elements of a flexible budgeting approachDefine key cost driversState how behavioral biases may affect the budgeting processIdentify how headcount efficiency may be measuredDefine scenario planningRecognize best practices and controls for managing budget changes